Fears of recession hinge on Aug. jobs report

The latest read on the nation's job market, due Friday morning, is the biggest test yet of whether the U.S. economy is muddling along or sliding back into recession.

The Labor Department's monthly unemployment report will be the first solid piece of economic data — not a survey, but a measure of actual economic activity — for August. It will offer an early reading of the impact on job growth of a factious debate in late July over raising the nation's debt limit that has sapped Americans' confidence in their government and of the fallout from the jaw-dropping ups and downs of the stock market in early August.

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Chico Harlan 02 Sep, 2011

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