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By Chris Dorrell Traders concerned about the health of the US labour market will not have had their fears assuaged by two labour market reports released this week. According to figures released this afternoon by ADP, the US private sector added 99,000 jobs in August, comfortably below the roughly 145,000 expected by most economists. August’s rate of job growth was the slowest since January 2021 and was down from 110,000 the month before. Nela Richardson, chief economist at ADP, said “the job market’s downward drift brought us to slower-than-normal hiring after two years of outsized growth”. Th…

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