In August, the number of U.S. payrolls increased by 142,000, which was lower than what was predicted.

In August, the number of U.S. payrolls increased by 142,000, which was lower than what was predicted.
In August, the number of U.S. payrolls increased by 142,000, which was lower than what was predicted.

In August, the U.S. economy created fewer jobs than anticipated, indicating a sluggish job market, which may pave the way for the Federal Reserve to reduce interest rates this month.

The Labor Department's Bureau of Labor Statistics reported that nonfarm payrolls increased by 142,000 in August, which was lower than the 89,000 increase in July and below the 161,000 consensus forecast from Dow Jones.

As anticipated, the unemployment rate decreased to 4.2%.

This is breaking news. Please check back for updates.

by Jeff Cox

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