August's nonfarm payroll grew by 142,000 jobs, marking a cooling job market that may influence the Federal Reserve's upcoming decision on interest rates.
Despite job gains, the unemployment rate has stayed stable at 4.2%. Experts predict it might reach 5% over the next year amid cooling demand.
The job losses in manufacturing (-24,000 jobs) signal a downturn, countered by modest gains in construction and health care, showing a mixed job market.
The JOLTS report indicates a decline in job openings, highlighting the trend of fewer available positions as demand cools across various sectors.
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