NewsWatch: Stocks drop sharply as jobless rate and oil prices jump
U.S. stocks drop sharply after the government says the nation's jobless rate in May soared to 5.5%, the highest since October 2004, and as the price of crude-oil futures shot to around $134 a barrel. 5 months ago
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Stagflation - Jobless rate soars to 5.5% in largest jump since 1975