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Job applicants wait for the opening of a job fair held by National Career Fairs in Fort Lauderdale, Fla. (AP Photo/Lynne Sladky, File)

WASHINGTON (AP) — The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

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