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US Dollar Dips as August ADP Jobs Miss Signals Labor Market Cool

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US private sector hiring slowed in August with employers adding only 38,000 jobs against expectations of 47,000, according to ADP data.
  • The cooling labor market reinforces expectations for Federal Reserve interest rate cuts ahead of the official government payrolls report.
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