August Sees 142,000 New Jobs as Labor Market Cools; Fed Surely Noticing

Ahead of a key Federal Reserve meeting later this month to set interest rates, total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2%, the U.S. Bureau of Labor Statistics reported Aug. 6. The gains were weaker than forecasted predictions of 161,000 jobs, but were better than July’s…

The post August Sees 142,000 New Jobs as Labor Market Cools; Fed Surely Noticing appeared first on RISMedia.

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