U.S. employers added 142,000 jobs in August, according to data from the U.S. Department of Labor. The value is below the average predicted by economists interviewed by Bloomberg, of 163 thousand, and those surveyed by Reuters, of 160 thousand.
Still, the unemployment rate fell from 4.3% to 4.2%in line with expectations.
In July, 114,000 jobs had been created in the US.
This data is seen as very relevant for the US Federal Reserve (Fed) as it prepares to announce its first interest rate cut since March 2020.
Reuters notes that it is common for August job creation data to fall short of expectations and then be revised upwards, with hiring likely to increase in the education sector.
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Source: www.jornaldenegocios.pt
