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August Jobs Report

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Job growth falls short of expectations as August payrolls rise just 130,000

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Nonfarm payrolls increased by just 130,000 in August, in large part to the temporary hiring of Census workers.

The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.

July and June job figures were also revised lower.

Average hourly earnings increased by 0.4% in August and 3.2% over the year, better than expected.

Excluding government hiring, private payrolls grew by just 96,000, the lowest pace since February.
More: https://www.cnbc.com/2019/09/06/us-n...gust-2019.html

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