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European concerns keep lid on rise in jobs

November 5, 2011

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Stocks slid as investor concern about European financing offset a drop in US unemployment. They worry that if Greece defaults, it could cripple banks and cause fiscal strain throughout Europe. The jobless rate fell to 9 percent from 9.1 percent, even as the labor force expanded. In another bright spot, Groupon jumped 31 percent to $26.11 on its first day of trading.

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