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.

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