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Jed Graham: Jobs Report: Private Hiring Slowdown Delivers A Shock, Cutting Into Dow Jones Gains
The U.S. economy added a softer-than-expected 130,000 jobs in August, but private-sector hiring looked even worse. Private employers hired a net 96,000 workers, far below expectations of 150,000. While the hiring slowdown looks real, the jobs report didn't appear weak enough to alter expectations of a 25-basis-point Fed rate cut in two weeks.
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Posted: September 6, 2019 Friday 10:27 AM