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U.S. payrolls grew by 142,000 in August, less than expected

  • Employers added 142,000 jobs in August, an improvement from July's revised figure, which dropped from 114,000 to 89,000, according to the Bureau of Labor Statistics.
  • Economists predicted a gain of 160,000 jobs and a drop in the unemployment rate to 4.2%, as noted by FactSet.
  • August’s report shows job growth but lacks clarity on the labor market's outlook, according to Becky Frankiewicz from ManpowerGroup North America.
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  • 41% of the sources are Center
41% Center
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