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IPFS News Link • Economy - Economics USA

Rising jobless and cost-of-living figures: stagflation on the way?

• US News & World Report
Unemployment crept up to a seasonally adjusted 4.8% in July, its highest level in 5 months. That, combined with rising inflation, which clocked in at a 14-year-high annual rate of 4.3% in June, raised fears that energy prices may be slowing the econo