Economy Adds 130,000 Jobs in August, Unemployment at 3.7%

"Really Good Jobs Numbers!" President Donald Trump tweeted yesterday. They were good, but not "really good."

Employers hired 130,000 people in August, the Labor Department said Friday in its monthly employment report. That's less than the 160,000 economists were predicting but still indicates an expanding economy.

The unemployment rate stayed flat, at 3.7%, still near historic lows.

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.