Reported about 1 month ago
The US added only 142,000 nonfarm jobs in August, below the expected 165,000, with unemployment dipping to 4.2% and wages increasing by 3.8%. Economists suggest this data indicates a 25 basis point rate cut from the Federal Reserve, as the market may not react strongly enough to warrant a larger cut. The report was closely monitored ahead of the Fed's September meeting.
Source: YAHOO