142,000 jobs were added to the US labor market in August, according to the US Bureau of Labor Statistics's jobs report, below economist expectations for 165,000 nonfarm payroll jobs. Additionally, the unemployment rate eased down to 4.2% from 4.3% in July, while US hourly earnings ticked up to 3.8% year-over-year.

Brad Smith and Madison Mills break down the data from this morning's fresh economic data.

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This post was written by Luke Carberry Mogan.