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Latest Business News: US Stocks Slip After Disappointing Jobs Report

Wochit 0:49 mins

Stocks fell in early trading after the U.S. economy added fewer jobs than forecast in July, blunting optimism that the economy is poised to pick up strength in the second half of the year. U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. The gain was still enough to help lower the unemployment rate to a 4?-year low of 7.4 percent, a hopeful sign in an otherwise lackluster report. Although the unemployment rate fell to 7.4 percent, the share of American adults with jobs is stuck at just 58.7 percent.

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