US Unemployment Rate Rises Slightly

The U.S. unemployment rate rose slightly — one-tenth of one percent — to hit 6.2 percent in July. Friday's report from the Labor Department also said the economy had a net gain of 209,000 jobs. The data surprised economists, who had predicted that the unemployment rate would be steady and the economy would create thousands more jobs. The unexpected increase in the jobless rate may be an ironic result of a string of positive economic reports recently. Those reports prompted...

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