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Updated from 2:20 p.m. ET
Airline stocks fell in morning trading Friday, following the broader market, as a spike in unemployment raised fresh doubts about demand for air traffic and an analyst widened his estimates of losses by carriers.
Even another drop in oil prices couldn't help airline stocks.
The Amex airline index fell 3.8%, with 11 of its 13 component stocks declining.
Earlier Friday, the Labor Department reported that joblessness rose to 7.2% in December, the highest rate in nearly 16 years, raising fears that the economy hasn't yet hit bottom....
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