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From Breitbart: U.S. job growth was significantly weaker than expected in August and job growth in prior months was revised down, suggesting that the labor market is even weaker than it looks.
The economy added 142,000 jobs, the Labor Department said on Friday.
Economists had forecast 160,000 jobs for the month.
The prior month’s jobs estimate was revised down from 114,000 to 89,000 and the June figure was revised down by 60,000 to just 118,000.
The unemployment rate did drop slightly, from 4.3 percent in July to 4.2 percent in August.
See our interactive graphics on today’s #JobsReport https://t.co/zr2jYOBDg8 #BLSdata #DataViz
— BLS-Labor Statistics (@BLS_gov) September 6, 2024
The Trump campaign reacted: “LOWER THAN EXPECTED: The August jobs report came in far weaker than expected — as the previous two months’ numbers are revised DOWN (again). 24,000 manufacturing jobs were lost last month.”
LOWER THAN EXPECTED: The August jobs report came in far weaker than expected — as the previous two months’ numbers are revised DOWN (again).
24,000 manufacturing jobs were lost last month. pic.twitter.com/6DoB055CJM
— Trump War Room (@TrumpWarRoom) September 6, 2024
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. https://t.co/0OJ5We5fBT pic.twitter.com/QCkEeo1Bf9
— CNBC (@CNBC) September 6, 2024
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