August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs

📆 9/6/2024 12:43 PM
📰 YahooFinanceCA

⏱ Reading Time:
34 sec. here
4 min. at publisher
📊 Quality Score:
News: 24%
Publisher: 63%

Labor Market News

Nonfarm Payroll Jobs,Bureau Of Labor Statistics

The US economy added fewer jobs than expected in August while the unemployment ticked lower.

released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists.

Wage growth, an important measure for gauging inflation pressures, rose to 3.8% year-over-year, up from a 3.6% annual gain in July. On a monthly basis, wages increased 0.4%, higher than the 0.2% seen the month prior.At the center of Friday's report is a debate over how severely the Fed should cut interest rates at its meeting later this month.

Radiotherapy Market Size to Hit USD 11.18 Billion by 2032, Driven by Rising Global Cancer Rates and Advancements in Treatment Technology | SNS Insider IP Intercom Market Set to Reach USD 4.09 Billion by 2032 Driven by The Increasing Demand for Integrated Communication Systems | Research by SNS Insider

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stock futures steady in wait for fresh jobs, unemployment dataWall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines
Source: YahooFinanceCA - 🏆 47. / 63 Read more »