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Economy adds 288,000 jobs in June, surpassing expectations
Economy adds 288,000 jobs in June, surpassing expectations

Five years after the recession, the job market is finally hitting stride as small businesses add workers and local governments restore battered payrolls. U.S. employers added a robust 288,000 jobs in June across a broad spectrum of businesses, the Labor Department said Thursday. The growth flew past analysts' forecasts and marked the fifth straight month of payroll gains in excess of 200,000 — a hiring spree not seen since the 1990s tech boom. The unemployment rate, which has fallen surprisingly fast lately, dropped to 6.1% in June from 6.3% in May. Both the jobless rate and the number of officially unemployed, totaling 9.5 million last month, are the lowest in nearly six years. As...

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