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Stocks Sputter After November Job Report

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Wall Street paused from its big rally Friday, with the major indexes fluctuating after the government's November labor report showed tepid job growth as well as a pickup in inflation.

The Labor Department reported 94,000 jobs were added to payrolls in November and that the unemployment rate held steady at 4.7 percent. Thomson/IFR analysts had set a median projection of 100,000 new jobs. The report also showed that average hourly earnings increased 0.5 percent in November, compared with forecasts for a more-modest 0.3 percent.