Wages and employment are still relatively solid. But risks that hang over the economy include President Trump's trade policy and weakness abroad, while the effect of last year's tax cuts is wearing off. (Photo: Shutterstock)
(Bloomberg) — Crawling or stalling? That's the question hanging over the U.S. economy amid fresh evidence the once-hot labor market is losing steam.
Nonfarm payrolls expanded by 136,000 in September, according to a Labor Department report Friday that missed the median estimate of economists.
That brought the average gain this year to 161,000, compared with 223,000 throughout 2018. On top of that, average hourly earnings rose 2.9% from a year earlier, the weakest rate since mid-2018.
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