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Strong US job growth in July, unemployment rate falls to 5.4%
US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half.
The US Labor Department said Friday, August 6 in its closely watched employment report today, that non-farm payrolls increased by 943,000 last month, after rising by 938,000 in June.
Economists polled by Reuters had expected jobs to increase by 870,000.
The unemployment rate fell to 5.4% from 5.9% in June.
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