Skip to content
Subscriber Only

Jobs Report Shows U.S. Labor Market Cracking But Not Crumbling

  • Payroll gains trail forecasts as census boosts headline number
  • Details show consumption may keep powering economic growth
Video player cover image
U.S. nonfarm payrolls fell short of expectations with an increase of 137,000 in August.Daybreak: Americas." (Source: Bloomberg)
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

Weak August job gains signaled the U.S. labor market’s slowdown is deepening as the trade war with China takes a toll on the economy, even as some details of the report suggested a recession is far from imminent.