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Charles Evans
Weak jobs report could keep Fed from slowing stimulus this month
Weak jobs report could keep Fed from slowing stimulus this month

WASHINGTON -- The top-line number in the August jobs report was roughly in line with expectations, but economists digging into the details Friday saw bad signs that could give Federal Reserve policymakers concerns about reducing their stimulus efforts this month. "The dirt is in the details, and these are very dirty details," said Diane Swonk, chief economist at Mesirow Financial. "It's going to muddy the debate about what the Fed does." The 169,000 net new jobs added to the economy in August was near the consensus estimate of 175,000. But economists were disappointed by other data, which weakened the overall report. QUIZ: How well do you understand the Fed...

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