Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

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The unemployment rate dropped from 11.1% in June to 10.2% in July, as the economy added nearly 1.8 million jobs last month, soundly beating consensus estimates. Equities futures and the dollar gained on the news. That marks a third straight month of solid hiring and a falling jobless rate after it topped out at 14.7% in April—the highest level since…
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