US labor market adds 142K jobs in August, unemployment drops

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Unemployment Rate News

Business Business Latest News,Business Business Headlines

142,000 jobs were added to the US labor market in August, according to the US Bureau of Labor Statistics's jobs report, below economist expectations for...

142,000 jobs were added to the US labor market in August, according to the US Bureau of Labor Statistics's jobs report, below economist expectations for 165,000 nonfarm payroll jobs. Additionally, the unemployment rate eased down to 4.2% from 4.3% in July, while US hourly earnings ticked up to 3.8% year-over-year.And the expectation was 100 65,000.

And so as we're taking a look at some of the reaction here in the futures, as of right now, we're still flat for the dow, but we're still in negative territory across the S and P 500 the NASDAQ at this juncture Matty.I want to point out the number of people on temporary layoffs declined by 190,000 over the month of August, the number of permanent job losers was essentially unchanged.

Here, I do want to note construction employment rising by 34,000 that is higher than the average monthly gain of 19,000, not a huge shift, but that was something that we were interested in looking at as an indicator of where the housing market is heading. The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.Danish transport firm DSV is slightly ahead in the bidding race for German state railway Deutsche Bahn's logistics unit Schenker, several people familiar with the sales process told Reuters on Friday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in BUSÄ°NESS

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.

August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobsThe US economy added fewer jobs than expected in August while the unemployment ticked lower.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Investors reduced allocations to stocks, moved to cash in August, BofA survey showsInvestors' increased their allocations to cash and reduced their an overweight position in stocks in August, as expectations for global growth dropped to its...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Investors reduced allocations to stocks, moved to cash in August, BofA survey showsInvestors' increased their allocations to cash and reduced their an overweight position in stocks in August, as expectations for global growth dropped to its...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »