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Unemployment Breaking News: Economix Blog: Handicapping the Fed's Next Move

Wochit 0:48 mins

It's not clear how the latest employment report will influence the course of Federal Reserve's monetary policy. But it's been a big day for forecasts nonetheless. 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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