Unemployment Rate Declines

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Employers stepped up hiring in January, boosting payrolls by 193,000 and lowering the nation’s unemployment rate to 4.7 percent, the lowest since July 2001.


Although the 193,000 gain in payroll jobs in January fell short of the 250,000 new jobs that economists said to anticipate before the release of the report, it still marked a sturdy showing


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