August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs The US economy added 142,000 nonfarm payroll jobs in August, falling short of the 165,000 expected by economists. However, this was higher than July’s revised figure of 89,000 jobs. The unemployment rate decreased to 4.2% from 4.3% in July. Wage growth increased to 3.8% year-over-year, up from 3.6% in July, with a monthly increase of 0.4%. While the job additions were lower than anticipated, some economists view the report as consistent with a “soft landing” rather than a recession. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Silver War: How China's Stockpiling Affects World Markets READ MORE The Truth About Central Bank Immorality & the Theft of YOUR PROSPERITY READ MORE Poles Embrace Gold as Hedge Against Eastern European Instability READ MORE Fed's Mester Urges Acknowledgment of Economic Uncertainties READ MORE HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment