The news: US advertising and related industries lost 1,200 jobs in August, per the Bureau of Labor Statistics, marking the sixth loss in seven months.
- The news came as part of a jobs report that showed slower growth than expected, increasing pressure on the Federal Reserve to cut interest rates at its September 17-18 meeting.
- The BLS revised its July job losses from 500 to 600 and is likely to update August’s figures next month.