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Employment: Pause?
The August employment report is generally softer than expected, with payroll employment rising just 142,000 (Consensus: +225,000; Decision Economics: +240,000), and the household survey, despite an in-line 0.1-point decline in the unemployment rate, showing employment up only 16,000 and the labor force down by 64,000. [private]US_14-0905_E1[/private]