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JOBLESS RATE DROPS IN US AND WAGES GROW

  • NEWS Desk Global
  • Aug 5, 2023
  • 1 min read

US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labour demand that's at the root of renewed momentum in the economy. The unemployment rate unexpectedly dropped to 3.5%, one of the lowest in decades.

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