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Economy gains 209,000 jobs; jobless rate, 6.2 percent

from USA Today

The unemployment rate rose to 6.2 percent from 6.1 percent, the Labor Department said Friday, as 329,000 Americans, including many who had given up their job searches, surged back into the labor force. Economists had estimated that 238,000 jobs were created last month, according to the median forecast from Action Economics survey. Although July's gains fell short of estimates and average monthly job growth of nearly 230,000 so far this year, it marked the sixth straight month of 200,000-plus employment increases — the longest such stretch since 1997. Businesses added 198,000 jobs, led by professional and business services, manufacturing, retail and construction. Federal, state and local governments added 11,000. more


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