Breaking News Unemployment rate drops to 11.1 percent in June The U.S. unemployment rate dropped to 11.1 percent in June as businesses shuttered by the coronavirus pandemic earlier this year rehired millions of idled workers. The Labor Department said in its report, released on Thursday because of the Fourth of July holiday, that employers added 4.8 million jobs in June — the biggest increase on record. Click here for more. For more news, please go to FoxNews.com and watch Fox News Channel.

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