U.S. economy added 130,000 jobs in August and missed expectations.
Here were the key employment figures from August, compared to Bloomberg-compiled estimates:
Investors cheered and stock futures rose as the weaker-than-expected jobs report all but cemented the possibility of a second interest rate cut. The August jobs report comes at a critical time, as trade tensions, slowing global growth and overall uncertainty keep investors on edge. August was a brutally volatile month for the stock market with wild swings in both directions.
Morgan Stanley economist Ellen Zenter predicted that the U.S. economy would add a cool 181,000 jobs in August. “Most key data on the labor market for August out so far have sent rather positive signals,” Zenter wrote in a note to clients Thursday. For one, in the July survey week, initial jobless claims continued to run at low levels and there were no particular indications that the rate of hiring might have slowed markedly.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paid Program: Market Movers: August U.S. Jobs ReportFriday’s jobs data is the last big economic report before the next FOMC meeting. Jim Iuorio and Scott Martin explain what role the jobs number has on a data-dependent Fed.
Read more »
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.
Read more »
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.
Read more »
U.S. added just 130,000 jobs in August, amid global economic slowdownJUST IN: US added 130,000 jobs in August, missing expectations amid global economic slowdown; unemployment rate remains 3.7%.
Read more »
US economy adds 130,000 jobs in AugustThe US economy added 130,000 jobs in August. The unemployment rate remained steady at 3.7%. The economy has gained jobs for 107 consecutive months, but the pace of hiring has slowed recently.
Read more »