Economics Group: Weekly Economic & Financial Commentary
— August’s ISM nonmanufacturing index jumped to its highest level in nine years, while the trade deficit narrowed in July, pointing to more broad-based growth in the economy.
— Nonfarm payrolls grew by a somewhat disappointing 142,000 in August, although all signs point to this being an anomaly. The unemployment rate ticked down to 6.1 percent.
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