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Unemployment Hits 7-Year Low

Economy adds 173,000 jobs in August.

Unemployment fell to its lowest level in seven years, down to 5.1 percent in August as the economy added 173,000 jobs. Hiring, however, was at its lowest in five months, though the Labor Department revised the previous month’s job growth upward by 44,000. Economists expect job growth to be a key factor in whether the Federal Reserve decides to raise interest rates later this month.

Read it at AP

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