The Washington Post on Nostr: Employers added 142,000 jobs in August, as labor market cools ========== Employers ...

Employers added 142,000 jobs in August, as labor market cools
==========

Employers added 142,000 jobs in August 2024; unemployment rate fell to 4.2%; job gains weaker than predicted 161,000; July's job gains revised down by 86,000; construction added 34,000 jobs; health care added 31,000 jobs; public sector added 24,000 jobs; manufacturing lost 24,000 jobs; wage growth increased by 3.8% year-over-year; Federal Reserve expected to cut interest rates in mid-September; concerns about labor market cooling; mixed signals for policymakers; President Biden praised the report; Donald Trump's campaign criticized it; labor market cooling over the past year; temporary layoffs declined by 190,000; participation rate for ages 25-54 at highs; recession fears due to unemployment spike in July.

#Jobs #Unemployment #Economy #FederalReserve #WageGrowth #Construction #HealthCare #Politics #LaborMarket #Recession

https://www.washingtonpost.com/business/2024/09/06/august-jobs-unemployment-labor-market/