US Hiring Comes Up Short in Possible Warning Sign for Fed

Jobs missed forecasts in August as prior months revised down
Three-month payroll growth slows to lowest since mid-2020

US August payrolls missed expectations while the unemployment rate declined. Michael McKee breaks down the numbers on Bloomberg Television.Source: Bloomberg

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By Augusta Saraiva

September 6, 2024 at 12:32 PM UTC

Updated on

September 6, 2024 at 3:22 PM UTC

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US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to fuel ongoing debate over how much the Federal Reserve should cut interest rates.