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Payrolls Rose More Than Forecast in July as Unemployment Fell

American employers added more jobs than forecast in July and the unemployment rate fell for the first time in four months, easing concern the world’s largest economy was sliding into a recession.

Payrolls rose by 117,000 workers after a 46,000 increase in June that was larger than earlier estimated, the Labor Department said yesterday in Washington. The median estimate in a Bloomberg News survey called for a gain of 85,000. The jobless rate dropped to 9.1 percent as discouraged workers left the labor force. Average hourly earnings climbed 0.4 percent.