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U.S. non-farm payrolls rose modestly in August, but unemployment fell
September 6, despite a drop in the unemployment rate, U.S. hiring remained tepid in August, likely intensifying the current debate over how much the Federal Reserve should cut interest rates. Data released by the Bureau of Labor Statistics on Friday showed that U.S. non-farm payrolls increased by 142,000 in August, after two months of data were revised down. The number of non-farm payrolls in June and July was revised down by 86,000. The unemployment rate fell to 4.2% in August. After the data w...
2024-09-06 12:42:43
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