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___ Unemployment hits 49-year low as US employers step up hiring WASHINGTON (AP) — The April U.S. jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade into the recovery from the Great Recession.

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Fiat Chrysler expects improvements after weak first quarter

Carmaker Fiat Chrysler Automobiles on Friday reported a 47% drop in profits for the first quarter of the year due largely to changes in production, but expressed confidence that new models will help the U.S.-Italian company meet full-year profit targets.