US nonfarm payrolls rose by 151,000 in August, fewer than most forecasts, which may weigh against chances of a Federal Reserve interest rate increase at its last two meetings this year.
The Labor Department today reported upwardly revised payrolls for July at 275,000. Payroll growth has averaged 232,000 in the past three months and 204,000 over the past 12 months. The unemployment rate was unchanged at 4.9pc. Average hourly earnings rose by 0.1pc over the prior month and were up by 2.4pc from a year earlier.
Goods producing jobs fell by 24,000, and manufacturing jobs declined by 14,000. Jobs in the motor vehicles and parts sector fell by 5,600. Construction …
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Source: Metal Pages
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