This is the Marketplace Minute.

I'm Justin Howe.

Stocks closed mostly higher on Friday, the Dow gained a third of a percent, the S&P

rose to 10th percent, and the Nasdaq was basically flat.

The economy added 187,000 jobs in August, according to the Labor Department, that's more

than in June and July.

But over the past year, job growth has been trending lower, that's a sign that the Federal

Reserve's efforts to slow inflation by cooling down the labor market are working.

The same report found that the unemployment rate ticked up to 3.8%.

That's mostly because more people decided to start looking for work again, which means

their now-counted is unemployed.

Many of those people are 55 and older.

And the manufacturing sector shrank in August, but at a slower pace than the month before.

That's according to the Institute for Supply Management.

It says demand for manufactured goods fell, so companies have been making fewer of them.

I'm Justin Howe, with the Marketplace Minute.