U.S. economy creates a modest 151,000 jobs in August

September 2, 2016 3:42 PM

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Job growth slowed back to a moderate pace in August, and the nation's unemployment rate held at 4.9% for the third straight month, the government said Friday.

The latest jobs report from the Labor Department was largely ho-hum and unlikely to change the prospects for an interest rate hike by the Federal Reserve later this month, or to give a boost to either presidential candidate with election day two months away.

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