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US: Jobless rate falls to 4 year low of 7.5%
US employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy.

 

Nonfarm payrolls rose 165,000 last month and the jobless rate fell to a four-year low of 7.5 percent, the Labor Department said on Friday. (Reuters)