Job growth in the U.S. is slowing, the Labor Department confirmed today, reporting that 169,000 jobs were added in August as unemployment fell to 7.3 percent.
Economists were expecting a gain of 180,000 jobs, according to a Bloomberg survey. They expected unemployment to stay at 7.4 percent.
Last month, the Bureau of Labor Statistics reported the economy added 162,000 jobs in July. The bureau today revised that figure downward to 104,000 and it lowered the June figure to 172,000 from 188,000.
Friday, September 06, 2013
This report is the most massaged, contrived and manipulated POS in the history of government reporting.
Posted by traderrob at 10:04 AM