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Sat 09 Sep 2010Fall in US jobs is far less than expected
US EMPLOYMENT fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Non-farm payrolls fell 54,000, the Labor Department said yesterday, helping assuage fears of a double-dip recession in financial markets that had looked for a drop of 100,000 jobs.
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