U.S. saw 130,000 new jobs in August, but blue-collar gains slowed
By Irina Ivanova
/ MoneyWatch
"Really Good Jobs Numbers!" President Donald Trump tweeted yesterday. They were good, but not "really good."
Employers hired 130,000 people in August, the Labor Department said Friday in its monthly employment report. That's less than the 160,000 economists were predicting but still indicates an expending economy.
The unemployment rate stayed flat, at 3.7%, still near historic lows.
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Wage growth kept its steady pace, with average hourly earnings increasing 3.2% from the previous August.
The federal government hired 28,000 people last month, mostly in preparation for the 2020 Census.
Private sector employers added 96,000 jobs — not great, but not bad for a 10-year recovery still chugging away.
Blue-collar industries, including manufacturing, construction and transportation and warehousing stayed flat or slowed slightly, while mining shed jobs.
About that tweet: On Thursday, the payroll processor ADP reported that private employers added a hefty 195,000 jobs in August — likely the statistic Mr. Trump referred to in his tweet Thursday morning not long after the markets opened..
This is a developing story.
First published on September 6, 2019 / 8:49 AM
© 2019 CBS Interactive Inc.. All Rights Reserved.
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