The U.S. created only 130,000 jobs in August, following an increase of 159,000 in July (after a downward revision). The nonfarm payrolls were short of the analysts' forecast of 170,000. While the gains were widespread, it was the professional and business services (+37,000), government (+34,000), and education and health services (+32,000) that took the lead. Retail trade, mining, utilities, and transportations cut jobs. Moreover, theheadline number was accompanied by downward revisions in July and June. Counting these, employment gains in these two months combined were 20,000 lower than previously reported. ... (full story)