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WASHINGTON (AP) — The Obama administration is greeting King Salman of Saudi Arabia with assurances that the Iran nuclear deal comes with the necessary resources to help check the Islamic Republic's regional ambitions.
The US unemployment rate fell to 5.1 percent, the lowest since early 2008, after the economy pumped out a modest 173,000 new jobs last month, the Labor Department said Friday. Although the jobs number was well below what was forecast, the data -- coupled with upward revisions to the two previous months -- showed an economy continuing to expand healthily despite the global slowdown. "The weakness in August employment should not be over-interpreted," said Nariman Behravesh, chief economist at economic consultancy IHS.