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flag U.S. Labor Department revises job growth, showing fewer jobs added, potentially pressuring the Fed to cut rates.

flag The U.S. Labor Department has revised its job growth data, showing 911,000 fewer jobs added over the past year than initially reported. flag This revision indicates a weaker labor market, affecting industries like leisure, hospitality, and retail. flag Following a poor August jobs report, which added only 22,000 jobs, this data may pressure the Federal Reserve to cut interest rates at its September meeting.

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