U.S. Job Growth Misses Estimates in August With 130,000 Increase
By
Reade Pickert
September 6, 2019, 8:30 AM EDT Updated on September 6, 2019, 8:43 AM EDT
https://www.bloomberg.com/news/arti...osted-by-25-000-for-census-count?srnd=premium
U.S. companies’ hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook.
Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department report Friday that trailed the median estimate of economists for a 150,000 gain. Total nonfarm payrolls climbed a below-forecast 130,000, which was boosted by 25,000 temporary government workers to prepare for the 2020 Census count.
This will probably result in the Fed cutting rates and the markets will love that.
By
Reade Pickert
September 6, 2019, 8:30 AM EDT Updated on September 6, 2019, 8:43 AM EDT
https://www.bloomberg.com/news/arti...osted-by-25-000-for-census-count?srnd=premium
U.S. companies’ hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook.
Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department report Friday that trailed the median estimate of economists for a 150,000 gain. Total nonfarm payrolls climbed a below-forecast 130,000, which was boosted by 25,000 temporary government workers to prepare for the 2020 Census count.
This will probably result in the Fed cutting rates and the markets will love that.
