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LATEST US DATA

August payrolls rise less than forecast

Fall in jobless rate to 5.1%, increase in wages sustain prospects of Fed rate hike in September

Washington

US payrolls rose less than expected in August, but a drop in the unemployment rate to a near 71/2-year low of 5.1 per cent and an acceleration in wages kept alive prospects of a Federal Reserve interest rate hike later this month.

Non-farm payrolls increased 173,000 last

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