Employers added 142,000 jobs in August, as labor market cools
9/6/24
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from The Washington Post,
9/5/24:
Employers added 142,000 jobs in August, continuing a labor market cooling trend that has stoked fears that interest rates have been high for too long.
The unemployment rate ticked down to 4.2 percent.
The August jobs report released Friday by the Bureau of Labor Statistics was among the most closely watched snapshots of the labor market since the coronavirus pandemic. The jobs gains were weaker than forecasters’ predictions of 161,000 jobs, but improved on July’s weak showing of 114,000. Still, downward revisions from the two previous months suggest that the labor market is cooling faster than the initial data may indicate.
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