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Is the U.S. economy enduring a summer hiring slump for the third year in a row? Wall Street expects only a small increase in new jobs in August, but the news probably won’t be all bad.
The US added 162,000 jobs in August, led by leisure and hospitality. White-collar fields were the only major industries to lose jobs.
Women accounted for virtually all of August's payroll gains, the latest sign of their growing power in the labor market.
The Bureau of Labor Statistics reported nonfarm payrolls rose 162,000 in August, nearly three times the 55,000 consensus.
Trump's post puts his handpicked Fed chair, Kevin Warsh, in a tough position before this month's policy meeting, as markets eye higher odds of a rate hike.
Inflation data have been a key focus for the Federal Reserve, but Friday’s jobs report could help determine if now is the time for higher interest rates. The Bureau of Labor Statistics is set to release its latest employment data for August on Friday at 8:30 a.