Hiring likely slowed in August as the US-China trade war raged

David McNew/Getty Offering the latest official snapshot of the US economy weeks after a key recession warning flashed, the jobs report out Friday showed hiring slowed but remained solid in August. The Labor Department said the US added 130,000 nonfarm payrolls last month, compared with economist expectations for 160,000. That was fewer than in July…

Hiring likely slowed in August as the US-China trade war raged

David McNew/Getty
Offering the latest official snapshot of the US economy weeks after a key recession warning flashed, the jobs report out Friday showed hiring slowed but remained solid in August.
The Labor Department said the US added 130,000 nonfarm payrolls last month, compared with economist expectations for 160,000.
That was fewer than in July but enough to keep unemployment levels near historic lows at 3.7%.
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Offering the latest official snapshot of the US economy weeks after a key recession warning flashed, the jobs report out Friday showed hiring slowed but remained healthy in August.
The Labor Department said the US added 130,000 nonfarm payrolls last month, compared with economist expectations for a print of 160,000. That was fewer than the 159,000 added in July but enough to keep unemployment levels near historic lows at 3.7%. Average hourly earnings increased 3.2% from a year earlier, the same pace as a month earlier.
The effects of trade tensions between the US and China have grown increasingly evident in recent weeks, fueling broader concerns about the economy. In a rare development that has historically preceded recessions, the yield curve inverted last month for the first time since before the global financial crisis.

While the r
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