The U.S. jobs report came out at 8:30 a.m. on Friday. The U.S. economy added 142,000 jobs in August, with the unemployment rate falling 10 basis points to 4.2%. While the number of jobs created was 16,000 lower than expected, it was still decent.
Yesterday's ADP National Employment report showed that non-farm payrolls increased by 99,000 in August, the smallest increase in over 3.5 years and much less than the 144,000 expected. That had investors worried about what today’s report could bring.
