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Stocks tumble on fears about rates, recession after jobs data

Por: CBS News Business October 07, 2022

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Good news on the economy means bad news for Wall Street, with stocks tumbling Friday on worries a still-strong U.S jobs market may actually make a recession more likely.The S&P 500 sank 2.8% after the government said employers last month than economists expected. Even though job growth is slowing, the unemployment rate dipped to a 50-year low, signaling the labor market remains tight. Wall Street is concerned the Federal Reserve could see that... + full article



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