Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3% . Economists surveyed by Dow Jones had been looking for a rise of 75,000 . Markets largely disregarded the report, with stocks up at the open and Treasury yields sharply lower . The report comes as markets widely expect the Fed to lower its benchmark interest rate by a quarter percentage point later this month .
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