Dollar tumbles after disappointing jobs report

By Associated Press
Posted Dec. 3, 2010 at 3:57 p.m.

The dollar tumbled broadly Friday after a November jobs report showed a higher rate of unemployment in the U.S., a sign that the economic recovery is still struggling.

The dollar dove as the U.S. government said the unemployment rate increased to 9.8 percent last month from 9.6 percent in October. That’s the first increase since August and the highest level of joblessness in seven months.

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