The U.S. unemployment rate declined to 10.2 percent in July, as the economy added 1.8 million jobs, the Labor Department said on Friday.
This came after the June jobs report last month showed the unemployment rate declined to 11.1 percent, with 4.8 million jobs added. The July report surpassed expectations, as experts were anticipating about 1.48 million jobs would be added and that the unemployment rate would decline to about 10.6 percent, CNBC reports.
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