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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">According to the latest <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" aria-label="jobs data released by the US Bureau of Labor Statistics (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">jobs data released by the US Bureau of Labor Statistics</a>, the U.S. labor market displayed signs of cooling in August, with job growth falling short of expectations while the unemployment rate unexpectedly declined. This mixed picture has left investors and policymakers grappling with the implications for the economy and future Federal Reserve actions.</p>
<h3 id="nonfarm-payrolls-increased-by-142-000-in-august-lower-than-expected">Nonfarm Payrolls Increased by 142,000 in August, Lower than Expected</h3>
<p>The Labor Department reported Friday that nonfarm payrolls increased by 142,000 in August, below the 161,000 jobs economists had forecast. <br><br>Despite the slower pace of hiring, the unemployment rate ticked down to 4.2% from 4.3% in July, defying predictions. The labor force participation rate also surprised to the upside, rising to 62.7% and exceeding the 62.6% forecast. <br><br>Government hiring outpaced expectations with 24,000 new jobs, while manufacturing saw a steeper-than-anticipated decline of 24,000 positions. Overall, the report paints a picture of a job market that continues to expand, albeit at a more modest pace.</p>
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<h3 id="dow-sp-500-futures-drop">Dow, S&amp;P 500 Futures Drop</h3>
<p>Financial markets responded cautiously to the mixed data in premarket trading. As of 8:58 AM EDT, <a href="https://tokenist.com/investing/spx-vs-spy/" rel="noopener noreferrer nofollow" class="deco-link">S&amp;P 500 futures</a> were down 0.6%, with Dow futures dropping 160 points or 0.4%, and Nasdaq 100 futures declining 1%. <br><br>In commodities, WTI crude oil edged up 0.54% to $69.52, while gold gained 0.4% to $2,553.20. The dollar weakened slightly against major currencies, with EUR/USD rising 0.126% to 1.112. The 10-year Treasury yield dipped to 3.708%, reflecting expectations of potential monetary easing. The <a href="https://tokenist.com/investing/implied-volatility/" rel="noopener noreferrer nofollow" class="deco-link">VIX volatility index</a> showed a marginal decrease to 19.86, suggesting a measured market response to the news.</p>
<p>The August jobs report has intensified debate about the trajectory of the U.S. economy and Federal Reserve policy. While the slower job growth could bolster arguments for interest rate cuts, the declining unemployment rate complicates this narrative. <br><br>The data suggests that economic growth is moderating rather than collapsing, leaving considerable uncertainty about the Fed’s next moves.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em><br></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/labor-market-slows-with-142k-new-jobs-in-aug-dow-futures-fall-160-points/">Labor Market Slows with 142K New Jobs in Aug, Dow Futures Fall 160 Points</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Labor Market Slows with 142K New Jobs in Aug, Dow Futures Fall 160 Points

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