Payrolls in U.S. Cool in August as Jobless Rate Holds Steady

  • Wage gains moderate, while labor-participation rate unchanged
  • Fed will weigh data as it debates interest-rate increase

Is the Fed Behind the Curve?

U.S. payrolls grew at a slower but solid pace in August while measures of labor slack were little changed, signs the job market is cooling as the economy approaches full employment.

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