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Economy Gains 130,000 Jobs in August; Unemployment Steady at 3.7%
… The U.S. economy gained 130,000 jobs in August, and the unemployment rate remained at 3.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics. … In response to the August job numbers, AFL-CIO Chief Economist William Spriggs said: "The weak numbers show the Fed did the right thing to do a course correction and lower rates this summer. But they now need to consider more cuts to keep the slow … likely to quit looking than to get a job. The number unemployed more than 27 weeks increased (unemployed means looking for work, NOT drawing UI benefits) increased 77,000 @AFLCIO pic.twitter.com/UZHV4q8NBD — William E. Spriggs (@WSpriggs) September …