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Almost Half of US States See Jobless Rate Drop to or Below 3%

  • Jobless data ‘seriously non-recessionary,’ Bernstein says
  • Minnesota had the lowest rate at 1.8% last month, data show

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The unemployment rate declined in more than half of American states in July, with a record 22 states reporting jobless rates at or below 3% in another data point providing evidence against a US recession.