U.S. Jobless Rate Rises to 2-Year High at 5 Percent

by John Henry  on Friday, Jan. 4, 2008 10:30 am   2 min read

The U.S. unemployment rate rose to 5.0 percent in December - a two-year high - as hiring came to a near standstill, raising fears that the economic slowdown could head into a recession.

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