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Old 04-01-11, 01:10 PM   #1
Gerald
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US unemployment rate falls to new two-year low of 8.8%

The US unemployment rate fell to a new two-year low in March of 8.8%, from 8.9% in February.

It was the fourth monthly fall in a row. The unemployment rate has fallen by a percentage point during the last four months.

Employers created 216,000 jobs in March, the US Department of Labor said, higher than market expectations.

Other economic data showed a slight dip in manufacturing in March, although the report was seen as broadly positive.

The Institute for Supply Management's (ISM) index of national factory activity dipped to 61.2 last month from 61.4 in February.

http://www.bbc.co.uk/news/business-12935003

Note: 1 April 2011 Last updated at 15:49 GMT
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