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Job Reports and Statistics

Jobs report may put interest rate hike in question

Jobs report may put interest rate hike in question

Job and pay growth slowed in August, returning to a more modest pace that clouds the prospects for an interest rate hike by the Federal Reserve later this month.

Employers added 151,000 jobs last month, the government said Friday. That is still a healthy number but lower than the 180,000 that analysts were expecting on average and down sharply from revised gains of 271,000 jobs in June and 275,000 in July.

Job gains in those prior two months came after very sluggish hiring in the spring and were not expected to be sustained. Fed and other economists have said about 100,000 to 125,000 new jobs a month are needed to keep pace with the population and labor force growth,...

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