U.S. adds 130K jobs, Aug. unemployment rate stays at 3.7%

Economy has gained jobs for 107 consecutive months

SKY News
September 06, 2019 - 8:45 am

WASHINGTON (AP) -- U.S. employers added a modest 130,000 jobs in August, a sign that global economic weakness and China trade uncertainty may have begun to slow hiring.

The Labor Department says the unemployment rate remained 3.7%, near the lowest level in five decades, for the third straight month. The rate was flat for a positive reason: Americans surged into the workforce, lifting the proportion of adults working or looking for work to its highest level since February. The Labor Force Participation Rate rises to 63.2% from 63%.

Wages grow 3.2% year over year, nicely beating expectations. 

The job gains were lifted by the temporary hiring of 25,000 government workers for the 2020 Census.

Job gains have averaged 150,000 a month for the past six months, down from 223,000 for all of last year.

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