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US Job Gains Moderate in August, Unemployment Steady

Job creation appears to have slowed in August with the U.S. Labor Department reporting that the economy added only 151,000 jobs last month. That's about 30,000 fewer than economists were expecting and well below the 255,000 jobs added in July and 292,000 hires in June. The national unemployment rate was unchanged at 4.9 percent. Many economists say hiring trends tend to be less reliable in August because many Americans are on holidays. They say hiring usually rebounds in September....

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