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Stocks mixed after employment rate rises

Published 10/06/2012, The Jamestown Sun

A big drop in the unemployment rate wasn’t enough for investors Friday. Stocks posted gains early in the day but faded to a mixed close. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The decline from 8.1 percent the month before was bigger than economists had expected.

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