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Strong US Job Growth Cuts Unemployment to 5-Year Low

The world’s largest economy continued to build momentum - with better than expected job growth in November. The U.S. government says American companies hired more workers than expected last month, cutting the unemployment rate to 7 percent, which is the lowest level in five years. Despite a steadily improving job picture, though, some doubts remain about the sustainability of the U.S. recovery. American businesses added 203,000 jobs in November. That works out to a four-month average of...

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