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Employers in U.S. Probably Expanded Payrolls at Faster Pace

Employers probably picked up the pace of hiring in August and the U.S. jobless rate held at a more than four-year low, signaling a strengthening labor market that will help sustain growth, economists said before a report today.

Payrolls rose by 180,000 following a 162,000 gain the prior month, according to the median forecast of 94 economists in a Bloomberg survey. Unemployment stayed at 7.4 percent, matching the lowest since December 2008, they projected.