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Paul Wiseman

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A television monitor displays the Dow Jones Industrial Average on the floor of the New York Stock Exchange near the close on Monday, Aug. 8, 2011 in New York. The Dow Jones industrials closed down 634 points, or 5.5 percent, to 10,809 Monday. It was the first time the Dow fell below 11,000 since November and its biggest one-day point drop since December 2008. (AP Photo/Jin Lee) (AP)

Dow suffers 6th largest loss in history

Paul Wiseman

S&P downgrades U.S. credit outlook

Paul Wiseman
In this photo taken Feb. 3, 2011, unemployed financial worker Jonathan Velazquez, phones in to get State of California's Employment Development Department, EDD unemployment benefits at the Verdugo Job Center in Glendale, Calif. Finding a job remains a struggle 20 months after the recession technically ended. (AP Photo/Damian Dovarganes) (AP)

Layoffs become rarer even with unemployment high

Paul Wiseman, Derek Kravitz
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Accounting agency: December best jobs month in a decade

Christopher S. Rugaber, Paul Wiseman