U.S. Jobs Donald Trump Recession The U.S. added just 130,000 jobs in August, falling short of economists expectations and stoking more fears of an impending recession. Last month’s shortfall pulled the average monthly job growth down to 143,000 for 2019. A year ago the monthly growth averaged about 208,000 jobs each month. That’s a decline of nearly 30 percent. Economists and financial analysts have worried publicly about the possibility of a forthcoming economic downturn, particularly since the yield curve inverted last month, and a steady decline in job growth doesn’t do much to alleviate their fears. The jobs report last month was also largely bolstered by hiring for U.S. census workers, the federal government hired 25,000 temporary workers to prepare for the Census next August. Still, Mark Hamrick, senior economic analyst at Bankrate.com says there’s no need to worry, yet. “Hiring in the U.S. is slowing, but not stopping. That should help to contain fears of a recession in the near-term,” he wrote in his analysis. “As this report fades into memory, the expectation is that the U.S. economy will continue to grow in the months ahead, but the risks of a recession are heightened.” Other economists were also cautious…. Read full this story
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