U.S. Economy Adds Fewer Jobs
This is a news story, published by PBS, that relates primarily to The Labor Department news.
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Federal ReservePBS
•U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing
78% Informative
The Labor Department estimates that job growth averaged 174,000 a month in the year that ended in March .
The revised total adds to evidence that the job market has been steadily slowing.
The downgraded estimate follows a jobs report for July that was much worse than expected, leading many economists to suggest that the Fed had waited too long to begin cutting interest rates.
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89
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93
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