U.S. labor market cools again in August, adding 142,000 jobs

Data: U.S. Labor Department; Chart: Axios Visuals The U.S. economy added 142,000 jobs in August, while the unemployment rate edged slightly lower to 4.2% from 4.3%, the Labor Department said on Friday. Why it matters: A slowing labor market is a pivotal factor that will help the Federal Reserve determine the size of a highly anticipated interest rate cut later this month. The…