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The Guardian - US
The Guardian - US
Business
Michael Sainato

US economy adds 142,000 jobs in August as Fed plans to cut interest rates

US Federal Reserve United States Economy Interest Rates Unemployment
black sign with 'help wanted' in orange letters displayed on a store window around clothes and other signs
A ‘help wanted’ sign on a storefront in Ocean City, New Jersey, in 2023. Photograph: Bloomberg/Getty Images

US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year’s most closely watched economic news releases.

The release comes as the US Federal Reserve prepares to cut interest rates for the first time since March 2020, and November’s election puts a spotlight on the state of the US economy.

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