Friday, October 06, 2006
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Jobless Rate Declines, Matching a Five-Year Low
``The big story is that the unemployment rate dropped, and that has to be a bit of a concern to the Fed,'' said Ethan Harris, chief U.S. economist at Lehman Brothers Holdings Inc. in New York. ``But until we see the housing market bottom out, they'll probably be slow on the trigger and will leave rates alone.''
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