Key Points
- Employers added 142,000 jobs in August, less than expected. The unemployment rate declined to 4.2%, according to the Bureau of Labor Statistics jobs report.
- The U.S. job market has slowed considerably over the past year or so. The Federal Reserve has raised interest rates to tame inflation.
- If the labor market continues to cool at this rate, the economy would likely be at risk of recession, economists said.
