US job machine sputters, may give the Fed pause: The new U.S. job creation data for August came in at 151,000, down from 275,000 in July. Analysts had predicted job growth of about 175,000, according to a Bloomberg survey of economists.
Meanwhile: Boston Globe’s Matt Viser has this long read on the Class of 1976 at Butler High School near Pittsburgh. “People here are approaching their golden years with a sense of bitterness about the new, unforgiving economy and foreboding about what they will have to show for this life. Something their parents could count on — a comfortable retirement, debt-free and maybe in a warmer place — seems out of the question to many who say they see themselves scratching out a living until they are buried in the cemetery on the hillside near.”
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