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Fed May Face Less Pressure to Add Stimulus After Jobs Report

Higher-than-forecast U.S. private job gains may reduce pressure on Federal Reserve policy makers to add monetary stimulus this month without closing the door to a move later this year, economists said.

Private payrolls climbed 67,000 in August after a revised 107,000 increase in July that was more than initially estimated, Labor Department figures in Washington showed yesterday. The jobless rate rose to 9.6 percent as more people looked for work.