A report Friday from the Labor Department shows the U.S. economy added 130,000 jobs in August, down from 164,000 in July. Economists had forecast a gain of 160,000 jobs. The month's gains included 25,000 temporary workers hired by the U.S. government to prepare for the 2020 census.
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Private companies add a net 195,000 jobs in August, according to the payroll firm Automatic Data Processing. Economists had expected an increase of 150,000 jobs.
Here's the a grounded way to think about the currently tricky U.S. banks stocks.
While the latest government economic data show a slight narrowing of the U.S. trade deficit in July, a more recent survey of manufacturers shows that exports might be headed for a steep contraction in coming months, as U.S. companies adjust to President Donald Trump's tariff battles with China.
Federal Reserve Bank of New York President John Williams says he's `laser-focused' on pushing up the U.S. inflation rate toward the central bank's 2% target. While he didn't say so explicitly, it's a signal that he's open to cutting official U.S. interest rates further.
Swings in global interest rates, partly a result of the U.S. trade tensions in China, appear to be holding back some would-be borrowers, a new report from the Mortgage Bankers Association says.