US adds 142K jobs in August, with Fed poised to cut rates
Headline from The Hill
The U.S. added 142,000 jobs in August and the unemployment rate fell to 4.2 percent, setting the stage for the Fed to reduce interest rates amid slowing labor conditions.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The U.S. added 142,000 jobs in August and the unemployment rate fell to 4.2 percent, setting the stage for the Fed to reduce interest rates amid slowing labor conditions.
By Alicia Wallace, CNN (CNN) — The US labor market picked back up in August after a surprisingly weak jobs report the month before. Employers added an estimated 142,000 jobs last month, marking stronger growth than July’s worrisome low number — which was revised down from 114,000 to 89,000 — accordi…
The unemployment rate in August fell to 4.2% from 4.3% in July, according to the Labor Department. But employers added 142,000 jobs last month, less than consensus forecasts that ranged from 160,000 to 165,000 jobs to be created.
The U.S. economy added 142,000 jobs in August, with the unemployment rate at 4.2%, as the focus has turned to the Federal Reserve's expected cut in the prime interest rate this month. The top gains in employment were in construction and health care.
The Labor Department reported that U.S. employers added 142,000 jobs in August, missing economists' expectations while the unemployment rate ticked down slightly to 4.2%.
The economy added 142,000 jobs in August, versus 118,000 the month before, and the unemployment rate fell a tenth of a percentage point to 4.2%, the Bureau of Labor Statistics reported on Friday.
