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Solid US employment gains expected in August; jobless rate seen falling

The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 per cent

Reuters  |  Washington 

  USemploymentgrowthlikelymoderatedinAugustaftertwostraightmonthsofheftygains,butwasprobablystillstrongenoughtopushtheFederalReservetoraiseinterestrateslaterthisyear. Non-farmpayrollslikelyincreasedby180,000jobslastmonth,accordingtoaReuterssurveyofeconomists,aroundthisyear'smonthlyaveragejobgrowth.Theunemploymentrateisforecastfallingone-tenthofapercentagepointto4.8percent. TheLaborDepartmentwillreleaseitscloselywatchedemploymentreportonFridayandreadingsinlinewith ...

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First Published: Fri, September 02 2016. 17:18 IST
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