Friday, September 6, 2019

Economy added disappointing 130,000 jobs in August, giving Fed another reason to cut rates

USA Today
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.. . . more