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Economics

U.S. Hiring Slows Sharply Amid Delta, Complicating Fed Taper

Payrolls rose 235,000 in August, short of all forecasts
Employment declines at dining establishments, retailers

Video player cover image — U.S. Adds 235,000 Jobs in August, Unemployment Rate Falls to 5.2%

By

Reade Pickert and

Olivia Rockeman

September 3, 2021, 12:32 PM UTCUpdated onSeptember 3, 2021, 1:34 PM UTC

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U.S. hiring downshifted abruptly in August with the smallest jobs gain in seven months, complicating a potential decision by the Federal Reserve to begin scaling back monetary support by year end.