According to the most recent Bureau of Labor Statistics data, the U.S. economy added 142,000 nonfarm payroll jobs in August, less than the 165,000 economists had predicted. While the job growth missed forecasts, the unemployment rate dropped to 4.2% from July’s 4.3%, suggesting continued strength in the labor market under the Biden-Harris administration.
U.S. Economy Adds 142,000 Jobs in August; Unemployment Rate Falls to 4.2%, Biden Hails Progress
