U.S. employers created 169,000 jobs last month, fewer than expected and a possible speed bump for the Federal Reserve's plan to start dialing down its monetary stimulus this fall, the Labor Department said Friday.
Nonfarm payrolls were expected to have risen by 175,000 in August after a 162,000 gain in July, according to economists polled by Thomson Reuters. Analysts polled by Briefing.com had expected, on average, a gain of 177,000 last month.
July job gain slashed to 104,000 from 162,000.
US Employers Created 169,000 Jobs In August, Weaker Than Expected; Unemployment Rate Falls To 7.3%
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