Job Gains Continue To Fall Short Of Expectations In August

The US employment report shows 130,000 new hires in August, falling short of Wall Street's expectations. The unemployment rate remains steady at 3.7%, with labor force participation at a six-year high of over 63%. Revised job growth numbers for June and July lower the 2019 average to 158,000 jobs per month, down from 223,000 in 2018. The manufacturing sector is affected by the US-China trade war, but there are positive signs such as increased paychecks and longer workweeks.

What was the number of new hires made by businesses last month, and how did it compare to Wall Street's expectations?

• 130,000 new hires, below expectations

• 150,000 new hires, meeting expectations

• 150,000 new hires, below expectations

• 130,000 new hires, exceeding expectations

What was the unemployment rate in the US for the third consecutive month?

• 3.5%

• 3.7%

• 4.0%

• 4.2%

How did the Labor Department's revision affect the average job growth per month in 2019?

• Increased to 223,000

• Increased to 158,000

• Decreased to 158,000

• Remained at 223,000

What sector was particularly affected by the ongoing trade war between the US and China?

• Technology

• Healthcare

• Manufacturing

• Finance

What positive economic indicators were mentioned in the report?

• Decrease in labor force participation

• Increase in unemployment rate

• Decrease in average workweek length

• Larger paychecks for Americans