Employment rate in the US recovers slightly and unemployment rate falls

by

U.S. employers' hiring increased slightly in August from a sluggish pace in July, and the unemployment rate fell for the first time since March, a sign that the labor market is cooling but remains stable.

According to a nonfarm employment report released Friday by the U.S. Department of Labor, employers added 142,000 new jobs in August, compared to just 89,000 in July.

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