U.S. payrolls rise 157,000 while wage gains hold at 2.7%

UNITED STATES payrolls rose by 157,000 in July. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
NEW YORK - United States hiring cooled in July after more-robust gains than previously reported, while the unemployment rate slipped back below 4 percent and wage increases remained subdued, reinforcing a picture of steady labor-market growth in line with the Federal Reserve’s outlook for gradual interest-rate hikes. Non-farm payrolls advanced 157,000 after an upwardly revised…

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