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December's job losses push unemployment rate to 7.2 percent
The U.S. economy continued its employment free fall in December with a loss of 524,000 jobs, fewer than some market experts had predicted but staggering nonetheless.
The Bureau of Labor Statistics, which released the jobs data Friday, characterized the losses as "large" and "widespread" across the economy.
The unemployment rate rose to 7.2 percent last month, the highest in almost 16...
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