The Economy: Record Employment

More Americans held jobs in July than at any other time in the nation's history. According to a Department of Labor report, 76,200,000 American men and women are employed, up 1,500,000 from the same period a year ago. Unemployment, which for 18 months had remained relatively stable, dipped slightly from 4% to 3.9%, even though 3,600,000 youngsters between 16 and 21 have poured into the labor force since April.

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