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$this->bbcode_second_pass_quote('', '[')url=http://www.nytimes.com/2005/11/05/business/05econ.html]High Prices for Energy Hold Down Job Growth (link)[/url]
By DAVID LEONHARDT
Published: November 5, 2005

Job growth was surprisingly meager last month, the Labor Department reported yesterday, in a sign that business executives have become worried that the economic damage from high energy prices might be growing.

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"Job growth has kind of stalled out," said Bill Cheney, chief economist of John Hancock Financial Services in Boston. "It's a puzzle," he added, noting that economic growth, retail sales and other indicators remained strong.

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With interest rates rising, the hot housing market cooling and energy costs coming off a two-decade high, some executives and economists are concerned that consumer spending will slow in coming months.

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