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Monday, July 5, 2010

The US economy could be slowing again

US stocks declined on Friday after disappointing reports on jobs and factory orders, capping a dismal week in which the Dow lost 4.5%. Employers slashed 125,000 jobs from non-farm payrolls last month, about 10,000 more than expected. The unemployment rate, which is based on a household survey, actually slipped to 9.5%. It was the first decline in payrolls in six months.

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