Jobs report falls short of expectations as numbers are likely to complicate things for the Fed,which is expected to raise interest ratesThe US economy added 173000 jobs in August, less than expected, and while the unemployment rate dropped to 5.1%,surpassing expectations. The numbers released by the Department of Labor on Friday are likely to complicate things for the Federal Reserve, which meets later this month and will discuss raising interest rates for the first time since the recession. This is the last jobs report before the Fed assembly.
Continue reading...
Source: theguardian.com