U.S. Jobs Post Smallest Gain in Seven Months Amid Delta Spread
Posted on AllSides September 3rd, 2021
From The Left
Photographer: Ty Wright/Bloomberg
U.S. hiring downshifted abruptly in August with the smallest jobs gain in seven months, complicating a potential decision by the Federal Reserve to begin scaling back monetary support in the coming months.
Nonfarm payrolls increased 235,000 last month after an upwardly revised 1.05 million gain in July, a Labor Department report showed Friday. The unemployment rate fell to 5.2%.
The median estimate in a Bloomberg survey of economists was for a 733,000 monthly advance in August. The yield on the 10-year Treasury note reversed an initial decline. Stock-index futures fluctuated....
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