August Jobs Report

#Jobs — August dips, way below expectations

Gain of +235,000 non-farm payroll jobs, vs. expected gain of 720K.
Unemployment at 5.2%, down by 0.3
U6 unemployment at 8.9%, down by 0.3
Labor force participation 61.7%, unchanged
Wages up 4.3% year over year

July jobs revised up by +110K to +1.053M
June jobs revised up by +24K to +962K