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Update: Jobs Growth Not as Slow as It Looks, but Slow Enough to Please Fed

 

Updated from 10:24 a.m. EDT

The slowdown continues, further dousing the possibility of additional interest rate increases by the Federal Reserve federalreserve.

To be sure, the headline number out of the August employment report (definition | chart | source ) -- a drop in nonfarm payrolls of 105,000 -- greatly overstates the case.

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