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July Jobs Report: Better But Still Lousy

The July jobs report is out and it was not as lousy as last month. The Labor Department said the US economy added 117,000 jobs last month and the unemployment rate ticked down to 9.1 percent from 9.2 percent, so a mild improvement over the last two reports, which were dismal. The report should help investors, who have seen US stocks plunge 11 percent over the past two weeks.