Tepid U.S. Jobs Report Adds To Economic Jitters
Posted on AllSides September 6th, 2019
From The Left
Updated at 8:52 a.m. ET
U.S. employers added 130,000 jobs in August, according to a monthly snapshot from the Labor Department, signaling a slowdown in the pace of job growth.
Forecasters surveyed by the Reuters news service had predicted job gains of around 158,000.
The unemployment rate held steady at 3.7%.
Manufacturers added just 3,000 jobs.
The jobs total would have been lower without the addition of 25,000 temporary census jobs. Job gains for the two previous months were revised downward by a total of 20,000.