The eagerly anticipated jobs report comes in at less than 3/4s of the anticipated 200,000-plus. As Victoria Stilwell of Bloomberg reports:
Employers added the fewest jobs this year in August, representing a pause in the recent momentum of the U.S. labor market as companies assess the prospects for demand. The 142,000 advance in payrolls was weaker than the lowest estimate in a Bloomberg survey and followed a revised 212,000 gain in July, figures from the Labor Department showed today in Washington.
The recovery, then, staggers on. But the White House spinners and media sycophants will be fully employed for the next news cycle.
Or two.
