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Friday, September 2, 2011

US employment market stalls

US employment market stalls The US economy did not add any jobs in August and added fewer jobs in July than initially reported in a major blow to economic recovery hopes, according to US labour department statistics released on Friday.

The unemployment rate remained steady at 9.1 per cent, with 14m Americans unemployed. Economists had hoped for a 68,000 boost to non-farm payrolls.

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