Job market momentum slows with 151,000 jobs added in August

September 2, 2016 12:33 PM

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Job market momentum slows with 151,000 jobs added in August

The momentum in the American labor market slowed in August, but the economy still added a solid 151,000 jobs last month, according to government data released Friday morning.

The unemployment rate remained unchanged at 4.9 percent, the Labor Department reported. Those results were slightly more disappointing than analysts had anticipated, though they were not weak enough to indicate that the recovery has been derailed.

Also read: Trump inherits Obama boom

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