Summer Season No Holiday for Unemployment

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The U.S. economy continues to produce jobs but at a lackluster rate. Employers added 169,000 jobs in August.

However, the number of new jobs was a lot less in June and July than previously thought. Altogether, it was the weakest three-month stretch of job growth in a year.

The Labor Department says the unemployment rate dropped to 7.3 percent - the lowest in nearly five years. It fell because more Americans stopped looking for work and were no longer counted as unemployed.

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Associated Press

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