The latest US jobs data for the month of August shows unemployment at its lowest level for nearly seven and a half years, but the rate of job creation appears to be slowing. Wall Street fell on opening.<br /><br /> The month saw the lowest gain in new jobs of 2015, while the manufacturing sector lost jobs at the fastest rate since July 2013.<br /><br /> Non-farm payrolls increased by 173,000, but it has to be underlined August statistics of this type are often revised up for a number of reasons, not least the smaller number of responses to summertime surveys.<br /><br /> What looks like slower job creation means that it is less likely the Federal Reserve will raise interest rates later this month.<br /><br /> Jobs gains, manufacturing and energy apart, were spread across almost every sector of the economy in August, although earnings growth remained weak.<br /><br /> However a slew of pay rises at some leading retailers allied to a tightening labour market and several state and local governments enacting minimum wage policies means p
