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Unemployment Rate Ticks Up

At a glance

  • The Labor Department on Friday reported the economy in August added 315,000 new jobs, indicating the economy continues to add jobs but at a slight slower rate.
  • The unemployment rate for August was 3.7%, compared to 3.5% for July and was the highest monthly rate since February when it was 3.8%
  • Economists expect 318,000 jobs were added in August and that the unemployment rate would hold steady at 3.5%, according to Dow Jones.

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