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Employers add 117,000 jobs in July, unemployment rate drops - USATODAY.com
WASHINGTON (AP) — Hiring picked up slightly in July and the unemployment rate dipped to 9.1%, an optimistic sign after the worst day on Wall Street in nearly three years.
Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.
The mild improvement may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.
Businesses added 154,000 jobs across many industries. Governments cut 37,000 jobs last month. Still, 23,000 of those losses were almost entirely because of the shutdown of Minnesota's state government.
WASHINGTON (AP) — Hiring picked up slightly in July and the unemployment rate dipped to 9.1%, an optimistic sign after the worst day on Wall Street in nearly three years.
Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.
The mild improvement may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.
Businesses added 154,000 jobs across many industries. Governments cut 37,000 jobs last month. Still, 23,000 of those losses were almost entirely because of the shutdown of Minnesota's state government.
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