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US job growth cools, unemployment rate rises to 6.2%

1 Aug – US job growth slowed in July and an unexpected rise in the unemployment rate pointed to some slack in the labour market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said today. Data for May and June were revised to show a total of 15,000 more jobs created than previously…

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