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U.S. ECONOMY ADDS 163,000 JOBS

Despite increased hiring in July, unemployment rate inches up to 8.3%

Catherine Rampell, NYT NEWS SERVICE

Saturday, August 4, 2012

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“It’s relatively positive in the fact that it did show more jobs, and that’s with the seasonal adjustment,” said Kelly Cunningham, an economist at the National University System Institute for Policy Research. “But it’s still not enough to really start to improve the overall employment situation as far as unemployment rates and what we need to regain or recapture the job losses over the last several years.”