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The US economy added fewer jobs than expected in August while the unemployment ticked lower.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists.
Meanwhile, the unemployment rate fell to 4.2%, from 4.3% in July. August job additions came in higher than the 114,000 jobs added in June.
Wage growth, an important measure for gauging inflation pressures, rose to 3.8% y...
>>> Read more: August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs
Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists.
Meanwhile, the unemployment rate fell to 4.2%, from 4.3% in July. August job additions came in higher than the 114,000 jobs added in June.
Wage growth, an important measure for gauging inflation pressures, rose to 3.8% y...
>>> Read more: August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs
