Economic Preview: U.S. job creation sticks to fast lane even as economy drops below speed limit

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As long as “now hiring” signs proliferate and consumers spend, the U.S. economy will continue to grow despite weak business profits and investment.

The number of new jobs created by the U.S. economy has slowed since last year, but companies are still hiring at a brisk clip that’s fast enough to nudge the unemployment lower and all but ensure an increase in interest rates this year.

That’s the latest read on the economy by those who are paid to figure out such things. Economists surveyed by MarketWatch forecast the U.S. added a solid 160,000 new jobs in August. And the nation’s growth rate is expected to double to 2.2% in the third quarter that runs from July to September.

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