Friday, August 5, 2011

July Unemployment 9.1%

The Labor Department reported that U.S. nonfarm payrolls rose 117,000 in July, the private sector adding 154,000 new jobs, and employment gains in May and June were revised upward by a combined 56,000. The jobless rate fell from 9.2 percent to 9.1 percent, however, this was largely the result of 193,000 people dropping out of the labor force.

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