August jobs report shows a light miss.

The Department of Labor reported non-farm payrolls in August grew by 142,000. That was below the 160,000 expectation.

July's original 114,000 growth was revised down to 89,000.

June, last estimated at 179,000, was revised down to 118,000.

The trade now sees a 55% chance at a full -0.50% Federal Reserve interest rate cut at the September 18 meeting.

Unemployment slipped from 4.3% in July to 4.2% in August. That was on the trade expectation.

‍