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Economy added disappointing 130,000 jobs in August, giving Fed another reason to cut rates
This is amazing given the amount of deficit busting stimulus Trump and Republicans have pushed even when the economy is strong. At a certain point, you can only give so much freebies to the rich.
https://www.usatoday.com/story/money/2019/09/06/jobs-report-economy-added-just-130-000-jobs-august/2224196001/
Hiring slowed in August as employers added 130,000 jobs, further stoking recession fears and strengthening the Federal Reserve’s argument for another cut in interest rates this month.
The unemployment rate was unchanged at 3.7%, just above a 50-year low, the Labor Department said Friday.
Economists surveyed by Bloomberg expected 160,000 job gains.
Further dimming the latest employment snapshot: Payroll gains for and June and July combined were revised down by a total 20,000.
The unemployment rate was unchanged at 3.7%, just above a 50-year low, the Labor Department said Friday.
Economists surveyed by Bloomberg expected 160,000 job gains.
Further dimming the latest employment snapshot: Payroll gains for and June and July combined were revised down by a total 20,000.