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US payrolls rise by more than forecast while wage growth cools

Nonfarm payrolls rose by 187,000

Bloomberg News

US hiring picked up in August and wage growth slowed, offering a mixed picture of both resilience and moderation in the labor market. Nonfarm payrolls rose by 187,000 after the prior two months were revised significantly lower, a Bureau of Labor Statistics report showed Friday. The unemployment rate climbed to 3.8%, largely reflecting a pickup […]

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