U.S. economy slows, adding only 150K jobs – unemployment stays level

September 2, 2016 2:39 PM

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After two months of blockbuster growth, with U.S. employers adding more than 270,000 jobs in both June and July, the economy slowed dramatically in August, adding a modest 150,000 new jobs and barely raising wages for workers.

The slowdown in job growth reduces the likelihood that the Federal Reserve will raise interest rates when it meets later this month.

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

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