US jobs data disappoint raising doubts over September taper

Federal Reserve chairman Ben Bernanke

The US economy added 169,000 jobs in August, according to figures published today by the Bureau of Labor Statistics, undershooting the market consensus and softening expectations that the Federal Reserve will begin tapering its monthly asset purchases at its next meeting on September 17-18.

The August unemployment figure, which fell 10 basis points on a month-by-month basis to 7.3%, was eclipsed by an unexpected downward revision of jobs data for June and July. The number of jobs added in July w

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