Slowing job growth in August lowers odds of Sept. rate hike

September 2, 2016 4:22 PM

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Slowing job growth in August lowers odds of Sept. rate hike

U.S. payroll growth slowed in August after two booming months as employers added 151,000 jobs, underscoring that employment growth may be moderating and lowering the odds of a Federal Reserve interest rate hike this month.

The unemployment rate was unchanged at 4.9%, the Labor Department said Friday.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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