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Hiring breadth across US industries picked up in August

The number of industries that contributed to U.S. jobs growth last month rebounded to the highest level since January, government payrolls data showed on Friday, bolstering arguments that an uptick in the unemployment rate may not indicate the labor market is weakening. The Labor Department's hiring diffusion index, which is released with the monthly payrolls data and tracks how many industries are adding jobs, rose to 63.8 in August from 56.8 in July. A reading above 50 indicates that mo...
John Waldmann Jerome Powell Andrea Ricci Gus Faucher Federal Reserve Labor Department
Source: yahoo.com

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