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Unemployment rises to 9.6%, 54,000 jobs lost

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Death Stall.


The unemployment rate went up slightly in August to 9.6%, over the July rate of 9.5%, and overall the economy shed 54,000 jobs, according to the latest report from the BLS.  Private sector growth slowed from in July, dropping from an adjusted gain of 107,000 to 67,000, while the government terminated 131,000 jobs: Nonfarm payroll [...]

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