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No trade war effect on US: Job growth seen picking up, unemployment falling

The United States and China have slapped retaliatory tariffs on a combined $100 billion of products since early July

Reuters  |  Washington 

  US job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 per cent, which would bolster views that the economy was so far weathering the Trump administration's escalating trade war with China. Nonfarm payrolls probably rose by 191,000 jobs last month after gaining 157,000 in July, according to a Reuters survey of economists. The Labor Department will publish its closely watched employment report on Friday at 8:30 am.  Analysts said the administration's $1.5 trillion tax cut package and ...

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First Published: Fri, September 07 2018. 10:44 IST