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The Boston Globe

Business

Jobs report indicates slow, steady recovery

The US unemployment rate rose slightly last month, but remained below 8 percent, as US employers added jobs for the 25th consecutive month, signs of a slow but steadily advancing recovery just days before voters head to the polls in a election that has hinged on their views of the economy.

In its last report before the election, the Labor Department estimated the unemployment rate at 7.9 percent, up from 7.8 percent in September, and employers added 171,000 jobs. In addition, the Labor Department said, the nation added about 84,000 more jobs in the September and August that previously estimated, another indication that the labor market has accelerated since the spring, when job growth nearly stalled.

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