JUST IN: US added 130,000 jobs in August, missing expectations amid global economic slowdown; unemployment rate remains 3.7%.
The economy added 130,000 jobs during the month of August, sharply missing expectations and showing a continuation of a softening in the labor market in the face of global economic headwinds.
Temporary hires for the U.S. Census contributed to August's jobs total, with the Bureau of Labor Statistics noting that 26,000 people were hired last month for door-to-door canvasing. The 2020 Census will eventually require almost half a million temporary workers. All eyes on Wall Street now turn to Federal Reserve Chairman Jerome Powell, who is scheduled to give a speech later on Friday in Zurich about the global economic outlook.
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The Latest: US adds just 130K jobs, boosted by Census hiringBREAKING: U.S. employers added a modest 130,000 jobs in August, a sign that global economic weakness and President Trump's trade war with China may have begun to slow hiring. The job gains were lifted by the hiring of temporary Census workers.
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The Latest: US adds just 130K jobs, boosted by Census hiringUS employers added a modest 130,000 jobs in August, boosted by Census hiring
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U.S. Adds 130,000 Jobs in August as Hiring Slows DownEconomists had projected employers would add 150,000 jobs. The unemployment rate stayed at 3.7%, while wages grew 3.2% from a year earlier.
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Slower U.S. job growth expected, but enough to support economyU.S. job growth likely slowed further in August, but the pace of gains probably ...
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Everything You Need to Know About the August Jobs ReportEconomists project employers added 150,000 jobs last month amid trade uncertainty. Follow our live coverage of the August jobs report.
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