Decaying jobs market overtakes inflation as U.S. economy’s biggest threat - MarketWatch

1. U.S. job growth is weakest since pandemic; only 142,000 jobs added in August. 2. Fed officials prioritize labor market concerns as inflation trends stabilize. 3. Predicted rate cuts may boost economy, but effects on labor market remain uncertain. 4. Full-time jobs decline by 1.02 million; part-time jobs increased by 1.06 million. 5. Cautious hiring expected before presidential election outcome clarifies for businesses.