The US economy added 142,000 jobs in August, falling short of the 160,000 expected, highlighting signs of labor market softening.
The unemployment rate dropped to 4.2% from 4.3%, easing recession worries and indicating a slight improvement despite lower job creation.
Job increases were observed mainly in hospitality, construction, and healthcare, whereas manufacturing and retail sectors experienced job losses.
Revisions to previous months showed a decline in non-farm payrolls for June and July, resulting in concerns about ongoing job growth.
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