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Non-farm payrolls climbed by 151,000

U.S. payrolls grew at a slower but solid pace in August while measures of labor slack were little changed, signs the job market is cooling as the economy approaches full employment. Payrolls climbed by 151,000 last month following a 275,000 gain in July that was larger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey called for 180,000. The unemployment rate and labor participation rate held steady, while wage gains moderated and hours worked were the lowest since 2014.

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Australian Trade Balance deficit grow to $3.20 billion

In trend terms, the balance on goods and services was a deficit of $2,359m in June 2016, a decrease of $14m (1%) on the deficit in May 2016. In seasonally adjusted terms, the balance on goods and services was a deficit of $3,195m in June 2016, an increase of $777m (32%) on the deficit in May 2016. In seasonally adjusted terms, goods and services credits fell $213m (1%) to $25,803m, while goods and services debits rose $564 (2%) to $28,998m.

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China's Trade Balance showed surplus of $48.11 billion

China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets.Imports also shrank more than forecast, suggesting the impact of a flurry of measures to stimulate growth in the world's second-largest economy may be fading, after encouraging readings in May. Exports fell 4.8 percent in June from a year earlier and were down 7.7 percent in the first half of 2016, the General Administration of Customs said on Wednesday, adding that China's economy faces increasing downward pressure and the trade situation will be severe this year. Read more...

US Trade Balance deficit rose to $41.1 billion

US goods and services deficit was $41.1 billion in May, up $3.8 billion from $37.4 billion in April, revised. Analysts were anticipating deficit of $40 billion. May exports were $182.4 billion, $0.3 billion less than April exports. May imports were $223.5 billion, $3.4 billion more than April imports.  Read more...

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