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US Unemployment Rate Is Lowest Since 2008

The U.S. unemployment rate fell to the lowest level in 7 1/2 years in August but job growth fell short of expectations, offering mixed signals about the economy as Americans prepare to celebrate Labor Day on Monday. Friday’s report from the Labor Department shows a jobless rate of 5.1 percent, down two-tenths of a percent from the previous month, meaning roughly 8 million people seeking work remain unemployed. The report also says the U.S. economy had a net gain of 173,000 jobs, which is...

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