Afternoon Coffee: Unemployment Rate Falls to Lowest Level in 7 Years, West Coast Port Container Share Falls In July

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The US added 173,000 jobs in August, lower than expected, but the unemployment rate improved, falling to 5.1% compared to the 5.3% in July. This is the lowest unemployment rate since early 2008. The West Coast ports handled a smaller share of shipping containers in July compared to the previous month. Ports along the West Coast took in 46.8% of imports into the US during the month and 31.8% of exports, down from the 47.1% of imports and 33.2% of exports handled in June. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Report: US Oil Exports Could Help Lower Gasoline Prices

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Cheap gasoline is more widespread across the nation as oil prices continue to fall. But a new government report shows that US consumers would continue to see relief at the gas pump if the US were to lift its 40-year ban on oil exports. The report from the US Energy Information Administration, released Tuesday, shows that if the US were to remove its restrictions on exporting crude oil, domestic gasoline prices could actually fall, not rise as some feared.

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