The US economy adds 142,000 jobs in August, BELOW expectations of 164,000.
The unemployment rate was 4.2%, in-line with expectations of 4.2%.
While unemployment is back on the decline, the labor market is cracking.
What does the Fed do at this month's meeting?
The unemployment rate falling to 4.2% was some decent news here.
It's unlikely that this particular jobs report will sway the Fed's decision strongly.
The countdown to the Fed meeting begins now.
Follow us @Bit_boy for real time analysis as this develops.
US non-farm payrolls have been revised DOWN in 6 out of the last 7 months.
July revised by 25,000
June by 88,000
May by 65,000
Last 3 months revised down by 178,000 jobs, INSANE!
#USjobs #USJobMarketSlowdown #USNonFarmPayrollReport #DOGSONBINANCE #Write2Earn!
