U.S. Payrolls Increase, Jobless Rate Drops to 9.1%

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Aug. 5 (Bloomberg) -- American employers added more jobs than forecast in July and wages climbed, easing concern the world’s largest economy is grinding to a halt. Payrolls rose by 117,000 workers after a 46,000 increase in June that was larger than earlier estimated, the Labor Department said today in Washington. Peter Cook reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)