Mr. Summers, the former Treasury secretary, said that while the August non-farm payrolls report was not particularly bad, it did make it harder to predict how much the Federal Reserve might cut interest rates this month. "The data, while not showing very significant weakness, certainly won't give you a sense of relief if you're concerned about recent statistical trends," Mr. Summers said in an interview.
The dollar against the yen USD/JPY plunged 3% in the day, hitting a new low since early January and now trading at 142.17.
The unemployment rate rose to 4.3 percent in July, and nonfarm payrolls edged up 114,000. Employment in health care, construction, transportation and warehousing continued to trend upward, while employment in the information sector declined.