Job growth rebounded in August with 162,000 new hires, led by leisure, hospitality, government, and construction — but finance and insurance continue to hemorrhage jobs, signaling deeper economic tension. Unemployment remains stubbornly low at 4.1%, pushing the Fed toward inflation control over job creation. Private data hints at slowing momentum, with smaller firms even cutting positions — a mixed picture where some sectors soar while Wall Street braces for financial sector turbulence.
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