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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (11369)	9/3/2004 9:01:14 AM
From: mishedlo	Read Replies (2) of 116555

The U.S. labor market bounced back in August, adding 144,000 jobs just two months ahead of the presidential election. The Labor Department report, which showed unemployment falling to 5.4%, clears the way for another interest rate hike by the Federal Reserve later this month. The number of jobs added in June and July was revised higher: July went from 32,000 added to 73,000 added, while June went from 78,000 added to 96,000 added. 120,000 jobs added by the business birth/death adjustment. Without that it would be only 24,000 jobs. bls.gov

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