130,000 Jobs Added In August, Prior Months Revised Down 20K

According to the latest jobs report released by the Labor Department Friday, 130,000 jobs were added to the economy in August, missing expectations.

NPR reports experts had predicted job gains of nearly 158,000.

The report could have been worse if the federal government hadn’t hired 25,000 temporary workers in anticipation for the 2020 Census.

The numbers show the factory sector shrank last month for the first time in three years.

CNBC notes that private sector hiring was up by only 96,000, the lowest pace since February.

Additionally, job gains in June and July were adjusted downward by 20,000.

The national unemployment rate held steady at 3.7%.