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Jobless rate at 5.8 percent as August signals modest rebound
The nation’s jobless rate fell to 5.8 percent in August with nonfarm payrolls adding 249,000 jobs. economists saw steady growth ahead though mixed data kept Fed rate actions uncertain. Labor Secretary Reich called the news solid though not extraordinary.
MENTIONED IN THIS ARTICLE
Washington
Priva
Mark Zandi
Regional Financial Associates
West Chester
Labor Department
Federal Reserve
National Association of Purchasing Management
Commerce Department
Treasury
von Sohn
Norwest Corp
Napolis
Labor
Robert Reich