July Unemployment Rate at 5.6%

Unemployment rate is up to 5.6 percent in July from 5.4 percent a year ago. The labor force population stood at 70.164 million, up from 68.429 million. Underemployment rate, meanwhile, declined to 16.3 percent in July from last year’s 17.3 percent. Labor and economic officials explain that the hike in the jobless rate resulted from the additional…

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