Mixed US jobs report fails to deliver decisive rate hike case for Fed
Posted on September 7, 2015 at 11:59 am GMTUS nonfarm payrolls rose by 173,000 in August – the slowest pace in five months and below consensus estimates of a gain of 220,000. However, upward revision to previous months’ numbers revealed that jobs growth has been stronger than initially estimated, leading to a drop in the unemployment rate to 5.1% from 5.3% in July. This takes the unemployment rate to the lowest level since April 2008. But the drop in the unemployment rate looks less impressive when considering the [..]