US Employment Situation for August
A degradation in the labor market is becoming increasingly evident as private payrolls abnormally decline in August now that the pre-tariff front-running from July has ended.
Payrolls grew by 200,000, or 0.13% (NSA), in August, which is the weakest August performance in a decade. The average change for this last month of the meteorological summer season is a rise of 0.2%.
We provide further insight and the investment implications in our regular report on the US Employment Situation
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