WASHINGTON AP - Fears that the country could slide into a recession eased in September as employers created the most jobs in four months and workers' wages grew solidly. The unemployment rate crept up to 4.7 percent, the highest in over a year but still low by historical standards.Wall Street breathed a sign of relief and pushed the Dow Jones industrial average up more than 125 points in afternoon trading.
October 08, 2007 at 12:00 AM
1 minute read
WASHINGTON AP – Fears that the country could slide into a recession eased in September as employers created the most jobs in four months and workers’ wages grew solidly. The unemployment rate crept up to 4.7 percent, the highest in over a year but still low by historical standards.
Wall Street breathed a sign of relief and pushed the Dow Jones industrial average up more than 125 points in afternoon trading.
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