The US economy added 142,000 jobs in August, well under the forecast 230,000 figure, according to latest figures which have prompted a fresh rally in US treasuries.
The Bureau for Labor Statistics said 142,000 nonfarm payrolls added in August, compared to an average of 212,000 in the 12 months prior. There was also disappointment on the revisions front, with June's figure revised down by 31,000. July's total was revised up by 3,000. The unemployment rate did, however, drop back from 6.2% to 6.1% in August. The dollar dipped in response to the news, though the euro remains below the €1.30 mark against the reserve currency following the European Central Bank's actions yesterday. US treasuries, meanwhile, resumed the upwards path seen for the maj...
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