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  • Business Update: Jobless rate at 26-yr high

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Business Update: Jobless rate at 26-yr high

The U.S. unemployment rate unexpectedly jumped to 9.7 in August. but job cuts were the smallest in a year, the Labor Department revealed on Friday.

Reuters | September 4, 2009Watch more videos from Reuters

Tags:. .jobless. .unemployment. .unexpectedly. .labor department. .business update