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Friday, August 3, 2007

U.S. Payrolls Rose 92,000 in July; Jobless Rate at 4.6%

" Employers in the U.S. added a fewer-than-forecast 92,000 workers to payrolls last month and the jobless rate unexpectedly rose, a sign the labor market is cooling.

The increase in jobs followed a 126,000 gain in June that was smaller than previously reported, the Labor Department said today in Washington. The jobless rate rose to 4.6 percent, the first increase since April, from 4.5 percent. Wages gained 3.9 percent from a year earlier. "

Source: U.S. Payrolls Rose 92,000 in July; Jobless Rate at 4.6% (http://www.bloomberg.com/apps/news?pid=20601087&sid=aUggn1TBqQfU&refer=home)