Economists had expected the US to add about 180,000 jobs over the month. But the latest figures from the Bureau of Labor Statistics showed a marked slowdown on the previous month, with a rise of 156,000 jobs. The figures made for disappointing reading for Donald Trump, who hasput jobs and wage growth among the top priorities for his administration. There was a modest rise in the unemployment rate from 4.3% to 4.4%, as the number of unemployed people in the US economy stood at 7.1 million. The Department of Labor said there was “no discernible effect on the employment and unemployment” rate from the storm last month because the survey was compiled before it hit.

Source: The Guardian September 01, 2017 14:10 UTC