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International Business Times
International Business Times
Business
Beiyi SEOW

US Job Gains Miss Expectations In August As Labor Market Cools

The US economy added 142,000 jobs in August according to government data, lower than analysts expected (Credit: AFP)

US hiring bounced back in August but missed expectations while the jobless rate crept down, government data showed Friday, paving the way towards central bank rate cuts in the coming weeks.

The world's biggest economy added an estimated 142,000 jobs last month, an increase from July's figure which was revised notably lower to 89,000, said the Department of Labor.

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