There were 142,000 jobs added in August, a significant drop from the number created in preceding months. The reaction was a broadly negative one, with equity indices unsettled by the idea that US growth was not as strong as previously thought, while also being worried that the number was not bad enough to prompt any reassessment of monetary policy by the Federal Reserve.
However, there are reasons for optimism. August is often a weak month, with employers declining to hire during a month that is traditionally slower for businesses. Meanwhile, average monthly non-farm payrolls are still above the 200,000 mark, which points to economic growth in the US that is still reasonably solid.
Job revisions in August are normally of the positive variety, as has been the case since 2009: