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Dow Jones Drops 100 Points as Investors Prep for Worst Jobs Report in a Decade

The Dow Jones Industrial Average lost more than 100 points out the gate this morning, investors preparing for higher unemployment levels in the United States.

Yesterday, the Labor Department said that more than 6.3 million people applied for unemployment benefits.

Today, the official jobs report was off in terms of reality.

The official rate jumped from 3.5% to 4.4%.

However, private reports suggest that the real rate is somewhere north of 10%.