August Jobs Miss Plays Into Bear's Worries About U.S. Deflation

Uh oh. The miss on U.S. employment numbers in August, when the economy created 156,000 jobs versus 180,000 expected, is likely to reopen the debate about the Federal Reserve's monetary tightening stance.

Wage growth also missed expectations slightly, coming in at 2.5% versus 2.6%, while the unemployment rate was 4.4% compared with expectations of 4.3%. Reaction in European assets was muted, with stock markets still in positive territory and the euro virtually flat....342 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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