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Jobless Rate in USA Climbs to 5.7% as 51,000 Jobs Are Lost in July

The unemployment rate spiked again in July, to 5.7 percent, its highest level in more than four years. The nation’s employers cut their payrolls for the seventh consecutive month, this time by 51,000 jobs, the government reported Friday. For millions still at work, hours were reduced, a hidden form of unemployment, and the average raise was less than enough to keep up with inflation.
The steady erosion in payrolls — 463,000 jobs have disappeared since January .

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