US Job Growth Comes Up Short in Possible Warning Sign for Fed
Unemployment rate hit 4.2%
US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to fuel ongoing debate over how much the Federal Reserve should cut interest rates. . Nonfarm payrolls rose by 142,000 last month, leaving the three-month average at the lowest since mid-2020, Bureau of Labor Statistics data […]
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