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Nothing is ever as simple as it seems—especially the jobs report.
Hiring ticked up in August—though it was lower than analysts’ expectations—and the unemployment rate fell slightly according to the most recent jobs report from the Bureau of Labor Statistics. Despite not being as dour as last month’s stock market panic-inducing employment data, the report still points to an overall cooldown in the labor market, suggesting the Federal Reserve will cut rates later this month, which could have implications for employers.
Let’s take a closer look.
What the data says. US employers added 142,000 jobs in August, while the unemployment rate fell slightly