Weak jobs report drags down stock indexes — and mortgage rates

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August payroll report includes "huge downward revisions" to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts.

August payroll report includes “huge downward revisions” to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts. August payroll report includes “huge downward revisions” to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts. 

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