WASHINGTON (MNI) - The U.S. August employment report was modest at best and certainty far worse than hyped-up expectations, suggesting further moderate economic growth ahead.

August payrolls were up 169,000 but the July-June revisions were -74,000 in total, offsetting some of the good news. July's downward revision in jobs was in government, transportation and manufacturing jobs. There is a tendency for August jobs to get revised higher over time, but that future event cannot be expected.

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