Jobs growth should improve slightly more than previously expected, while economic growth projections were mostly lowered in the second quarter survey of professional forecasters, released Friday by the Federal Reserve Bank of Philadelphia.

Projections for the unemployment rate were cut 0.1-percentage point throughout and now  drop from 7.6% in the second quarter to 7.5% in the third, 7.4% in the final quarter of 2013, 7.3% in the first quarter of 2014 and 7.2% by mid-year.

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