WASHINGTON: Jobs growth slowed sharply in August, dealing a blow to President Barack Obama as he seeks re-election and setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week.
Nonfarm payrolls increased only 96,000 last month, the Labor Department said on Friday, well below what would normally be needed to put a dent in the jobless rate. Payrolls had grown by 141,000 jobs in July.
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