The U.S. added 130,000 jobs in August, the Labor Department reported Friday, falling below expectations amid an escalating trade war with China and slowing global economy.

ADVERTISEMENT

The August jobs report missed expectations after economists broadly projected employment growth closer to the 164,000 workers the U.S. added in July. The unemployment rate held steady at 3.7 percent, while the labor force participation rate rose to 63.2 percent, according to the release from the U.S. Bureau of Labor Statistics.

 

While the U.S. economy has added jobs at a slower rate in 2019 than last year, it has remained largely resilient as European and Asian powers face sharper downturns amid rising trade tensions.

But the August jobs report is not likely to soothe concerns that a global

Read More At Article Source | Article Attribution