The US official employment report released today showed that the economy added 130K jobs in August. According to analysts at Wells Fargo, the slower hiring suggest that more easing from the Federal Reserve seems likely. Key Quotes: “Although there were a few good numbers in the August employment report, including stronger wage growth, rising labor force participation and a rebound in the average workweek, a broad slowdown in hiring cannot be ignored.” “Employers added a total of 130K new jobs, but only 96K of those were in the private sector. Preliminary operations for the 2020 Census led to the hiring of 25,000 temporary federal workers.” “More encouraging was the 0.4% rise in average hourly earnings, although following a similar gain last August, the year-over-year change edged down to 3.2%.” “Yes, the labor market remains tight and stronger productivity growth gives some scope for companies to offer higher wages without cutting into profits. However, the job opening rate has edged lower over the past year, while the share of small businesses raising compensation has rolled over since 2018.” “Consumer fundamentals remain in good shape, but we expect the FOMC to cut the fed funds rate another 25 bps at its meeting later this month to offset the lingering headwinds on the economy stemming from slowing global growth and trade policy uncertainty.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ICE is one step closer to offering BTC futures as its Bakkt opens its digital-asset custody warehouse FX Street 4 years The US official employment report released today showed that the economy added 130K jobs in August. According to analysts at Wells Fargo, the slower hiring suggest that more easing from the Federal Reserve seems likely. Key Quotes: "Although there were a few good numbers in the August employment report, including stronger wage growth, rising labor force participation and a rebound in the average workweek, a broad slowdown in hiring cannot be ignored." "Employers added a total of 130K new jobs, but only 96K of those were in the private sector. Preliminary operations for the 2020 Census led to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.