Economic news

Job creation in U.S. slows in August

The pace of job creation in the U.S. slowed more than expected in August after two consecutive months of impressive gains.

The nonfarm payrolls rose by 156,000 last month after increasing 189,000 in July. The unemployment rate climbed to 4.4% from 4.3%, the Labor Department reported.

Economists in a Reuters poll had expected payrolls growing by 180,000 jobs in August.

The job report does not include any “discernable” effects from Hurricane Harvey, as the survey was conducted before the storm struck.

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