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WEEKLY REVIEW: Outlook for the first interest rate hike by the Fed remains unclear

04 September 2015 Konstantin Meinhardt

The U.S. Labor Department released the long-awaited labour market data today. The data was mixed. The U.S. economy added 173,000 jobs in August, missing expectations for a rise of 220,000 jobs, after a gain of 245,000 jobs in July. The U.S. unemployment rate dropped to 5.1% in August from 5.3% in July, exceeding expectations for a decline to 5.2%.

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