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163,000 New Jobs Added In July But Unemployment Rate Rises To 8.3%
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The economy added 163,000 jobs in July. Meanwhile, activity in the service sector ramped up more than expected in July. In earnings, Proctor & Gamble posted a 45% increase in net income as higher input costs and a sales decline were more than offset by a gain from snackbusiness sale. And Toyota saw a strong quarter as production and sales rebounded in North America.
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