U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says

U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says


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.



Source

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