The Labor Department released the August jobs report which showed that job growth continued at a subdued pace amid economic uncertainty over trade policy.
The average rate on the 30-year fixed mortgage fell this week to 6.5%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.56%.
Gold hit a record $3,578 per ounce before declining Thursday, driven by weak jobs data and investor concerns about tariffs and Federal Reserve policy changes.
President Donald Trump's nominee to join the Federal Reserve Board of Governors insisted to lawmakers Thursday he would keep the central bank independent.
Stephen Miran, Trump's Federal Reserve Board nominee, could be confirmed in time for the mid-September rate-setting meeting after testifying before the Senate Banking Committee.
The DOJ investigation comes as Cook sues President Donald Trump in federal court over her firing from the panel of central bankers that is tasked with charting the nation's economic path.
Spirit Airlines will cut several routes in October amid bankruptcy proceedings while United and Frontier airlines announced new flights to capitalize on the opportunity.
Delta Air Lines will discontinue service between Austin-Bergstrom International Airport and Midland, Texas, as part of the carrier's ongoing schedule adjustments.
The figure reported on Thursday is below economists' estimates of an increase of 65,000 jobs and also down from the prior month's reading of 104,000 jobs.