US job growth loses speed as fiscal stimulus ebbs; permanent job losses up


By Lucia Mutikani WASHINGTON (Reuters) - U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy's recovery from the deep COVID-19 recession.

Nearly a fifth of the job gains reported by the Labor Department on Friday were from the government's temporary hiring for the 2020 Census. While the unemployment rate fell below 10%, it was biased down by a continuing misclassification problem. The slowdown.

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