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US payrolls grow by 142,000 in August, miss estimates as unemployment falls to 4.2%
- Wage growth exceeded expectations, with average hourly earnings up 0.4% month-on-month.
- The BLS revised down job figures for June and July by a combined 86,000.
- Construction and healthcare led job gains, while manufacturing lost 24,000 jobs.
September 6, 2024
Market update: US stocks mixed as investors await job openings data
September 4, 2024