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Unemployment Rate Falls to 9.4 Percent

2 years ago
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In yet another sign that the recession may be waning, the national unemployment rate fell to 9.4 percent and the number of jobs shed in July was a less-than-expected total of 247,000. The numbers represent the first drop in unemployment figures since July of 2008. Analysts had expected a rise in the overall unemployment rate, and a more modest dip in the July figures.

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