Get Ready For One More Fed Rate Cut

*Get Ready For One More Fed Rate Cut*

Despite July’s healthy payrolls figure, *the three-month average increase of 140,000 was the slowest in almost two years*. That trend is in line with forecasts for a gradual slowing of job gains as the labor market tightens, *but it could also be seen as a sign that the economy is losing steam*.

*Investors boosted bets on additional reductions* after Trump’s latest trade salvo on Thursday

Traders of fed funds futures maintained the amount of easing they expect from the U.S. central bank this year on Friday

*Revisions subtracted 41,000 jobs *from the prior two months. The *June figure was lowered from 224,000 to a less-eye-popping 193,000*

The average workweek got shorter, boosting average hourly pay. The *average for all private employees decreased to 34.3 hours*, from 34.4 hours, as *manufacturing hours touched their lowest point since November 2011.*

The U-6, or underemployment rate, fell to 7%, *the lowest since 2000, from 7.2%*