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US job growth defies shutdown expectations: 204k jobs added in October, unemployment up to 7.3%

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The U.S. gained 204,000 jobs in October, the Labor Department announced friday, as the unemployment rate ticked up to 7.3 percent in a jobs report tainted by the government shutdown. The October unemployment rate was slightly inflated by the government shutdown, the Bureau of Labor Statistics warned ahead of the release. The household survey used to calculate the unemployment rate counted the...

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