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Unemployment rate drops to 5.9% as job growth rebounds
Unemployment rate drops to 5.9% as job growth rebounds

Job growth rebounded strongly last month and the unemployment rate fell below 6% for the first time in more than six years, easing fears the labor market was faltering again and providing a boost to congressional Democrats before the midterm elections. Economists were relieved that an August hiring slowdown now appears to have been just an anomaly. But they warned of worrisome signs in Friday's Labor Department report — stagnant wages and more discouraged jobless Americans dropping out of the workforce — that showed the recovery from the Great Recession still has a ways to go. "The trend is positive," said Alan MacEachin, chief economist at Navy Federal...

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