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US unemployment rate in shock fall

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08-07-2009, 11:34 PM

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US unemployment rate in shock fall

The Labor Department has revealed some good news for the world’s largest economy today, showing that the 247,000 jobs were lost in July - much less than analysts had forecast. The decline meant the unemployment rate dropped from 9.5% in June to 9.4% in July - the first fall since April 2008. Analysts had expected the [...]

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