Oddbean new post about login | logout 'The sky is not falling': US economy added 142,000 jobs in August ========== The US economy added 142,000 jobs in August 2024, surpassing July's revised low of 89,000; unemployment rate decreased to 4.2% from 4.3%; economists expected a gain of 160,000 jobs; job growth has slowed over the past year; the US has added jobs for 44 consecutive months; significant job gains in health care (+44,100), leisure and hospitality (+46,000), and construction (+34,000); manufacturing lost 24,000 jobs; fears of recession were deemed overblown; the Federal Reserve is expected to cut rates at its September 17-18 meeting; Black worker unemployment has risen faster than the overall rate. #UsEconomy #JobGrowth #Unemployment #FederalReserve #LaborMarket #August2024 #EugenioAlemán #RachelSederberg #KoryKantenga #MichelleHolder https://www.erienewsnow.com/story/51374357/the-sky-is-not-falling-us-economy-added-142000-jobs-in-august
'The sky is not falling': US economy added 142,000 jobs in August ========== The US economy added 142,000 jobs in August 2024, surpassing July's revised low of 89,000; unemployment rate decreased to 4.2% from 4.3%; economists expected a gain of 160,000 jobs; job growth has slowed over the past year; the US has added jobs for 44 consecutive months; significant job gains in health care (+44,100), leisure and hospitality (+46,000), and construction (+34,000); manufacturing lost 24,000 jobs; fears of recession were deemed overblown; the Federal Reserve is expected to cut rates at its September 17-18 meeting; Black worker unemployment has risen faster than the overall rate. #UsEconomy #JobGrowth #Unemployment #FederalReserve #LaborMarket #August2024 #EugenioAlemán #RachelSederberg #KoryKantenga #MichelleHolder https://www.erienewsnow.com/story/51374357/the-sky-is-not-falling-us-economy-added-142000-jobs-in-august wss://nostr.fmt.wiz.biz