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© Reuters.  © Reuters.

By Geoffrey Smith

Investing.com -- The rebound in the U.S. labor market appears to have run out of steam in August.

The private sector added only 428,000 net new jobs in the month, according to a report released on Wednesday by payrolls processor ADP. That's less than half of the 950,000 expected, according to consensus forecasts.

The news is a bad omen for the official government labor market report for August, which is due on Friday.


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