US economy adds 142,000 jobs in August as Fed plans to cut interest rates
by Michael Sainato from on (#6QH8D)
Reading for month was shy of the average forecast as headline unemployment rate decreased from 4.3% to 4.2%
US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year's most closely watched economic news releases.
The release comes as the US Federal Reserve prepares to cut interest rates for the first time since March 2020, and November's election puts a spotlight on the state of the US economy.
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