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September 10, 2019

Modest hiring enough to fuel sluggish but durable economy

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON — Hiring by U.S. employers was slower but steady in August, and hourly pay jumped — trends that should sustain the U.S. economy's record-long expansion in the coming months.

Yet with the economy still under threat from a weak global economy and President Donald Trump's trade war with China, Chairman Jerome Powell made clear Friday that the Federal Reserve is poised to cut interest rates.


 
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