The US labor market shows a slowdown with only 54,000 private sector jobs created in August, below expectations. Leisure & hospitality and construction saw the most job gains, while transportation & utilities and education/health services had the most losses. Uncertainty around the economy is affecting hiring momentum, according to ADP’s chief economist Nela Richardson. President Trump fired the head of the BLS after revisions to May and June’s data.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq waver as more weak jobs data greets rising rate-cut bets
