U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut

According to Friday morning’s Nonfarm Payrolls report from the government, the U.S. added 142,000 jobs in August versus economist forecasts for 160,000 and July’s 89,000 (revised from a previously reported 114,000). The unemployment rate edged down to 4.2%, in line with expectations and from 4.3% in July.

Source