The latest report on nonfarm payroll jobs for August indicates a modest gain of 142,000 jobs, signifying a potential slowdown in the job market. This development raises the question of whether it will prompt a 50 basis points cut in interest rates on September 18.
Key elements of the text include:
– August saw an increase of 142,000 total nonfarm payroll jobs
– Job market appears to be cooling
– Discussion on the possibility of a 50 basis points cut in interest rates on September 18
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