Sharp Drop in Jobs Adds to Grim Economic Picture

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At www.nytimes.com

The worst fears of consumers, investors and Washington officials were confirmed on Friday, as deepening paralysis on Wall Street collided with stark new evidence of falling employment and a likely recession. Fed officials said Friday that they were not pumping money into the system in response to the poor jobs data but rather to the growing unwillingness or inability of investors to finance even routine business deals.

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At www.nytimes.com


 

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