Weak employment raises pressure on U.S. Federal Reserve to cut rates

The U.S. economy created fewer jobs than expected in August and the unemployment rate stood at 4.3%, fueling expectations of an interest rate cut by the Federal Reserve. THE U.S. CREATED 22,000 NEW JOBS. The U.S. created 22,000 new jobs last month, down from 79,000 in July, according to data released Friday by the Labor Department.