June jobs jump

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More jobs than expected were added to the nation’s payrolls in June and in the prior two months. The unemployment rate remained unchanged, however, as more people moved from the sidelines to actively look for work. The upbeat job report was issued as other signs suggested that the pace of economic growth is hardly robust.As of Friday afternoon, the S&P 500 Index was up 1.2% for the week to 1,625. The yield on the 10-year U.S. Treasury note was up 19 basis points for the week to 2.71%. Final figures will be posted on vanguard.com after the markets close. Read more

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