Jobs report falls short of expectations with interest rate cuts likely looming

FAN Editor 5 months ago

Jobs report falls short of expectations with interest rate cuts likely looming – CBS News

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The U.S. added 142,000 jobs in August, the Labor Department reported Friday, which was below forecasts, although the unemployment rate ticked down to 4.2%. Economists still overwhelmingly anticipate an interest rate cut from the Federal Reserve in mid-September. Jo Ling Kent has details.

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