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US Unemployment Rate Falls to 5.9 Percent

The U.S. unemployment rate fell to a six-year low of 5.9 percent in September. Friday's closely-watched report from the Labor Department also says the economy had a net gain of 248,000 jobs. Both figures were stronger than most economists had predicted. Some experts say the data may encourage the U.S. central bank to raise interest rates by the middle of next year. The Federal Reserve had cut interest rates to record lows in an effort to stimulate the economy and cut...

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