U.S. Economy Surpasses Expectations with 187,000 Added Jobs in August

U.S. economic growth continued its steady march in August, despite lingering trade worries and a global economic slowdown. According to the Bureau of Labor Statistics, U.S. employers added 187,000 jobs last month, slightly more than economists had expected.

This was good news for a nation that had seen several months of sluggish job growth. During August, the unemployment rate remained relatively unchanged at 3.7 percent, and wages were up just 0.4 percent from the previous month. This is a low rate of growth compared to past months, but it’s still a sign that the labor market remains strong.

Despite the encouraging job numbers, there are still some concerns in the economic picture. The trade war between the U.S. and China has taken a toll on businesses, with the manufacturing sector, in particular, struggling across the nation. Additionally, the slowdown in global growth has caused uncertainty among many investors, which could have a negative impact on the job market in the coming months.

Still, the U.S. economy is faring well despite the worries. Consumer confidence remains high, and spending is generally on the rise. This bodes well for continued job growth in the near future, which could prove invaluable heading into a presidential election year.