US adds 130,000 jobs August, dropping below expectations

Hiring slowed amid trade war as economists expected to add about 160,000 jobs while unemployment rate remained at 3.7%

Hiring slowed in the US in August as employers added a lackluster 130,00 new jobs, strengthening arguments that Donald Trump's trade wars are beginning to hit the US economy.

Economists had expected the US to add about 160,000 new jobs over the month. While the labor department announced the unemployment rate remained at 3.7%, a near 50-year low, the pace of hiring slowed markedly, down from an average of 192,000 new jobs a month last year to 143,000 so far this year.

Related: US and China agree to reopen trade talks in October

The Economy is great. The only thing adding to "uncertainty" is the Fake News!

I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn't exactly help either. Where did I find this guy Jerome? Oh well, you can't win them all!