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Weak US payroll gain of 22,000 cements case for fed rate cut

Jobless rate ticked up to 4.3%

Bloomberg News

US job growth cooled notably last month while the unemployment rate rose to the highest since 2021, fanning concerns the labor market may be on the cusp of a more significant deterioration. Nonfarm payrolls increased 22,000 in August, according to a Bureau of Labor Statistics report out Friday. Revisions showed employment shrank in June — […]

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