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 President Biden Announces Plans for Student Debt Relief for Over 30 Million Americans READ MORE India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump READ MORE Gold Prices Dip Despite Growing Rate Cut Expectations READ MORE Warning Signs: Recent Bank Failures and the Fragile Global Financial System READ MORE Should I Buy Silver or Gold? Which Performs Best In a 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 READ MORE Add a Comment Cancel replyYour email address will not be published.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