Friday, September 4, 2015

U.S. job growth slows, unemployment rate falls to 5.1 percent

News
The labor report, likely heralded as bullish and bearish by both camps, will certainly be over-hyped as a Fed-influencing data series. The US economy, deteriorating and showing signs of contraction, says the Fed is already a day late and a dollar short. This fact, however, won't stop ad nauseam debate.




Headline: U.S. job growth slows, unemployment rate falls to 5.1 percent

WASHINGTON (Reuters) - U.S. job growth rose less than expected in August, which could dim prospects of a Federal Reserve interest rate hike later this month, even as the unemployment rate dropped to a near 7-1/2- year low of 5.1 percent and wages accelerated.


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