Lucia Mutikani

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Unemployment rate drops to 7.5 percent

WASHINGTON — Employment rose faster than expected in April and hiring was much stronger than previously thought in the prior two months, a sign of resilience that should help the economy bear the blow from belt-tightening in Washington.

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Economy adds 236,000 jobs, rate falls to 7.7 percent

U.S. employers stepped up hiring in February, pushing the unemployment rate to a four year-low, suggesting the economy is gaining traction despite the blow from higher taxes and deep government spending cuts.

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