Job creation slowed in August, with only 130,000 jobs added to the U.S. economy compared to expectations of around 160,000.
The unemployment level held steady at 3.7 percent.
Job gains for June and July were downgraded by a total of about 20,000.
According to Yahoo Finance, the jobs report comes at a critical time as trade spats and signs of a looming recession have spooked investors.
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This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter…
And 25,000 of those jobs are temporary government workers hired to help with the Census.
So.Much.Winning.
And so it begins.
I’ve been sensing slow down for about 2 months. Given that the numbers for they year have been revised by as much as 500k jobs downward, the actual data may well be weaker than this report which fell short of estimates.
How did Obama make THAT happen? BLM, I assume?