Hiring early this summer was not as strong as we thought that said late in the summer, lots of people started looking for work.

I'm David Brankhacho, the hiring and unemployment reports this morning are misleading if you just graze the headlines.

More people were added to payrolls than expected in August 187,000 more yet.

Government statisticians also revised downward the figures from June and July by a combined 110,000, which suggests a cooling labor market.

At the same time, a jump in the unemployment rate in the month just ended from 3.5 to 3.8% was caused by more people encouraged to enter the workforce seeking jobs.

Christopher Low is chief economist at FHN Financial.

This is the good kind of unemployment increase because there were actually in the household survey 222,000 more people working.

But more than three times that number about three quarters of a million people came into the job market looking for work this August.

So it's a lot more people working. That means there's also a lot more slack in the job market than we thought, which is the kind of thing the Fed likes to see.

In August average pay went up only slightly with wages up 4.3% year to year that is higher than inflation, which is good for workers, but something that worry central bankers set on stamping out future inflation.

The bond market adds all this up as still too much strength pushing the 10 year rate up to 4.15% the interest rate.

A federal judge is temporarily blocked in Arkansas law that would require proof of age to set up social media accounts.

The law was intended to protect kids. Marketplace's Nancy Marshall-Genzer is here with more.

It says that social media companies aren't allowed to open accounts for miners unless they have a parent or guardian's permission.

They have to verify the ages of account holders and they were supposed to use third party vendors to do this. The law was said to take effect today.

Social media companies objective this on what grounds?

Well net choice, which is a tech industry trade group says the Arkansas law undermines the first amendment because it requires people to submit sensitive and private information to access social media.

And net choices members include TikTok, Google and meta. It requested a preliminary injunction which the judge granted temporarily blocking the law.

US District Judge Timothy Brooks said the law is a burden on free speech rights.

I was just checking. I see other states of similar laws pending.

Yeah, David Utah, California, Louisiana and Texas all pass laws requiring social media companies to verify the ages of new users.

They were all said to go into effect after Arkansas's law and similar federal legislation has been introduced in Congress.

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