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The United States lost 701,000 jobs in March, according to the Labor Department’s monthly job report released today, halting a decade-long record of growth. The unemployment rate rose from 3.5% in February to 4.4% in March, the highest monthly increase since 1975.
And those numbers don’t tell the full jobless picture. The March numbers don’t account for the 9.9 million jobless claims filed over the last two weeks because the data for the March jobs report was collected prior to March 14.
That
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