August Jobs Report

#Jobs — Close to expectations, with drop in UE

Gain of +142,000 non-farm payroll jobs, vs. expected gain of 161K
Unemployment down 0.1% to 4.2%, as expected
U6 unemployment 7.9%, up by 0.1
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.4%; +3.8% Y/Y

June jobs revised down by -61K to +118K
July jobs revised down by -25K to +89K