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 World Gold Council: Examining the US Election's Effect on Gold READ MORE Silver Hits Three-Year Peak, Gold at Record High READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Silver Is the New Gold' — Egyptians Try to Protect Savings READ MORE Florida's Housing Market Sees Price Drop Amid Insurance Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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