August 7, 2009 9:48 AM

When down is up: Jobs report sparks hope recession's over

Employers shed 247,000 jobs in July, the best performance since last August, adding to growing evidence that a long, deep recession may be drawing to a close. Forecasters had expected about 320,000 lost jobs in July and an uptick in the unemployment rate. "It's Over," said the title of a research report Friday from Barclays Capital Research.

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