A momentous day
BYE-BYE, JOBS: The economy shed 80,000 jobs in March, according to the Labor Department. That’s a bigger decline than most expected. The unemployment rate takes a huge step up to 5.1 percent, compared to February’s 4.8 percent. You rarely see the unemployment rate rise that much in a month.The February employment stats were revised downward. A month ago, the feds said the economy shrank by 63,000 jobs in February; now they estimate that 76,000 jobs disappeared. Early in the day, the effect on
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