But the economy is doing great, they say!

https://www.cnbc.com/2024/09/06/jobs-report-august-2024.html

Nonfarm payrolls expanded by 142,000 during August, up from 89,000 in July and below the 161,000 consensus forecast.

The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since October 2021.

The previous two months saw substantial downward revisions. The BLS cut July’s total by 25,000, while June fell to 118,000, a downward revision of 61,000.