US non-farm payroll employment rose 142k in August, missing expectation of 163k. Growth was also well below the average monthly gain of 202k over the prior 12 months. Previous month’s growth was revised down from 114k to 89k.
Unemployment rate ticked down from 4.3% to 4.2%, matched expectations. Participation rate was unchanged at 62.7%.
Average hourly earnings rose 0.4% mom, above expectation of 0.2% mom.
