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New York City's jobless rate increased to 8.6 percent in August despite hiring gains

from The New York Times

New York City’s unemployment rate rose to 8.6 percent in August, despite stronger than usual hiring at the end of the summer, according to reports released recently. The rise in the unemployment rate, from 8.4 percent in July, reflects an increase in the number of people looking for work in the city, said Barbara Byrne Denham, a private economist who analyzes the official data issued every month by the State Labor Department. more


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