Jobs Report: Economy Added Fewer Jobs Than Expected In August – TPM, Talkingpointsmemo.com

                  

Job creation slowed in August, with only 130, 000 jobs added to the US economy compared to expectations of around 160, 000.

The unemployment level held steady at 3.7 percent.

Job gains for June and July were downgraded by a total of about 20, 000.

According to Yahoo Finance,the jobs report comes at a critical time as trade spats and signs of a looming recession have spooked investors.