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Surge in US jobless numbers sends stock markets plunging

Global financial markets were rocked by more grim economic news yesterday, with US employers axing more than half-a-million jobs in November as the slump gripping the world's biggest economy deepened.

Global financial markets were rocked by more grim economic news yesterday, with US employers axing more than half-a-million jobs in November as the slump gripping the world's biggest economy deepened.