The U.S. economic system created barely fewer jobs than anticipated in August, reflecting a slowing labor market whereas additionally clearing the way in which for the Federal Reserve to decrease rates of interest later this month.

Nonfarm payrolls expanded by 142,000 throughout the month, down from 89,000 in July and beneath the 161,000 consensus forecast from Dow Jones, in line with a report Friday from the Labor Division’s Bureau of Labor Statistics.

On the similar time, the unemployment charge ticked all the way down to 4.2%, as anticipated.

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