StockMarketWire.com - The US non-farm jobless rate fell to 10.2% in July as employment rose by 1.8m, according to the Bureau of Labor Statistics.

The market had expected a more modest improvement in the unemployment rate to 10.5%, compared to 11.1% in June, amid the addition of 1.53m positions.

Average hourly earnings rose 7c, or 0.2%, to $29.39, compared to expectations of a 0.5% fall.

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