US Adds 22,000 Jobs in August, Unemployment Rises to 4.3%

We do have the data and it is not good. 22,000 jobs created during the month of August. That is significantly lower than the 75,000 anticipated last month.73,000 revised up to 79,000 change in private payrolls. 38,000. Last month it was 83,000.The two month net payroll revision is another -21,000. We'll have to look and see what the breakdown on that is. But the unemployment rate, which is the thing the Fed is watching moves to 4.3% from 4.2%.The labor force participation rate ticks up to 62.3%. Manufacturi ...