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NewsBreak: U.S. Payrolls Rise 130,000 in August; Jobless Rate Stays at 3.7%

Published 09/06/2019, 08:24 PM
Updated 09/06/2019, 08:38 PM
© Reuters.

Investing - Nonfarm payrolls 130,000 in August, the Labor Department reported Friday, less than expected.

  • The market was expecting payrolls to have risen 160,000 last month, according to economists’ forecasts compiled by Investing.com.

  • The unemployment rate remained steady at 3.7%.

  • Stock index futures were little changed after the report, with S&P futures up about 0.3%.

  • Average hourly earnings rose 0.4% monthly and 3.2% from the year-ago period. That compared with expectations for an August increase of 0.3% and a 3.1% year-over-year rise.

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