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US Job Gains Lower Unemployment to 4.9%

The last unemployment report before Americans elect their next president shows businesses added 161,000 new nonfarm jobs in October, nudging the unemployment rate down to 4.9 percent from 5 percent the previous month. The October numbers fall short of those from the first nine months of 2016, when an average of 178,000 per month were added. But the results are unlikely to change voters minds about their choice for president, says's senior analyst Mark Hamrick, who tells...

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