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Disappointing August jobs report could slow the Fed taper and increases twin fears for the economy

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A sign advertising job openings is seen outside of a Starbucks in New York, May 26, 2021.

Andrew Kelly | Reuters

The surprise slowdown in the pace of job creation in August signals the Federal Reserve may be less likely to move toward tapering its bond program in September, as it waits to see whether it is a temporary reaction to the summer’s Covid outbreak or a deeper problem for the economy.

Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000

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