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U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says

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89% Informative

Employers added 142,000 jobs in August , less than expected.

The unemployment rate fell slightly, to 4.2% from 4.3% in July .

The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic.

A recession could result if the labor market keeps throttling back at its current pace, economists said.