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US payrolls add 1.8 million jobs; jobless rate drops to 10.2%

US payrolls add 1.8 million jobs; jobless rate drops to 10.2%

Friday, August 07, 2020

Employers added 1.8 million nonfarm new hires in July, down from 4.8 million jobs created in June, according to the federal Bureau of Labor Statistics. July’s rate of unemployment dropped to 10.2% from June’s 11.1%. July’s numbers indicate the…

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