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The Fed and the Jobs Report

From bloombergview.com

The U.S. jobs report for August released Friday didn’t provide the clarity about the state of the nation's recovery that many had eagerly anticipated. For the Federal Reserve, this mixed picture will complicate deliberations over whether to raise rates at its policy meeting on Sept. 16-17. With 173,000 added positions, job creation in August was the slowest in 5 months and significantly undershot consensus expectations of about 220,000. But that negative economic signal was offset by several other data points in the report -- including the notable fall in the unemployment rate to 5.1 percent, the lowest level since ... (full story)

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