Reported about 1 month ago
The August jobs report revealed a slow job growth with only 142,000 nonfarm jobs added, lower than the expected 165,000, while the unemployment rate fell to 4.2%. Revisions showed previous months added 86,000 fewer jobs than initially reported, indicating a cooling labor market. Wage growth rose to 3.8% year-over-year, sparking debate among economists about interest rate cuts by the Federal Reserve amid signs of a softening economy.
Source: YAHOO