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US Economy Gains New Jobs; Unemployment at 7-year Low

The U.S. economy had a net gain of 211,000 jobs in November, while the unemployment rate held steady at a 7½-year low of 5 percent. Friday's government report says job gains were seen in construction, professional services, and health care. Mining and some media companies lost jobs. U.S. businesses have added 13.7 million jobs in a little less than six years, but White House economic advisor Jason Furman says “We have more work to do.” Nearly 8 million Americans are...

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