Soft Jobs Data Cools Market Expectations on Fed Rate Increase

September 2, 2016 10:22 PM

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Soft Jobs Data Cools Market Expectations on Fed Rate Increase

U.S. payrolls rose by 151,000 last month, while jobless rate held steady at 4.9%

U.S. employers did just enough hiring in August to keep unemployment in check and maintain steady—though unspectacular—wage growth. But cooling job growth from recent months reinforced market expectations that the Federal Reserve will push off a rate increase until December at the earliest.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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