Economy Adds 151,000 Jobs in August, Dismantling Fed's September Rate Hike

The economy added 151,000 jobs in August, missing estimates of 175,000.
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The economy added 151,000 jobs in August, missing estimates of 175,000, a number that may take a September rate hike off the table. The three-month average for job creation stands at 232,000, compared to 190,000 in July. Average hourly earnings grew only 0.1 percent in August. TheStreet's Scott Gamm speaks with David Nelson, chief strategist at Belpointe Asset Management and John Lonski, chief capital markets economist at Moody's Analytics.