09/16/2021

US Adds 74,000 Jobs as Hiring Slows Sharply

U.S. payrolls rose by 74,000 last month, the smallest monthly gain in three years, the Labor Department said Friday. The figure marked a sudden pullback from growth of 200,000 or more in the prior two months.

The Labor Department said the unemployment rate fell to 6.7% from 7%, though the decline was largely the result of people leaving the workforce. Economists had expected a gain of 200,000 jobs and a 7.0% jobless rate, according to a Dow Jones Newswires survey.

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