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The unemployment rate fell to 8.1 percent in August from 8.3 percent in July, but only because the number of people in the work force shrank. On Thursday, the Federal Reserve said it would purchase $40 billion of mortgage-backed securities a month until the economy and job market steadily improve. Fed officials also said they would keep short-term interest rates low even after the economic recovery accelerates. Wholesale stockpiles account for about 27 percent of total business inventories. Stockpiles held by retailers make up about one-third of the total and manufacturing inventories represent about 40 percent.
[Associated
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