US employment growth slowed in August
151,000 jobs gain lower than expected, jobless rate steady
US companies kept adding jobs in August while measures of slack in the labour market were little changed, signalling steady hiring in the face of lack-lustre global growth.
Payrolls climbed by 151,000 last month following a 275,000 gain in July that was larger than previously estimated, a Labor Department report showed. The August gain was smaller than economists had expected. The jobless rate and labour participation rate held steady, while wage gains moderated.
The unemployment rate, which...
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