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March Non-Farm Payrolls Up 88,000; Jobless Rate 7.6%

The March employment report showed after adjusting for prior month revisions payrolls remain weak (an 88,000 gain in March and a 61,000 rise from revisions), partly because seasonal adjustment became more restrictive; unemployment remains high at 7.6% and its decline stems from less labor force participation that probably reflects disgust...

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