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The August jobs report showed a gain of 142,000 jobs, a modest increase in a cooling market, with gains in healthcare, construction, and leisure and hospitality.
Ghost jobs are likely to impact job seekers significantly and could skew the job market’s perception.
Due to the weaker-than-expected job report, economists project that the Fed will lower interest rates by 0.25 points at the following meetings for the remainder of 2024.
