The US labor market continued its dramatic summer slowdown in August.
The August jobs report released Friday by the the Bureau of Labor Statistics (BLS) showed there were just 22,000 new jobs added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months.
The unemployment rate rose to 4.3% last month.
Economists had expected the report to show 75,000 jobs were created in August with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg.
In July, the economy created 73,000 new jobs. Those figures were revised on Friday to show there were 79,000 jobs created during the month. Revisions to June's data, however, were more negative, with those numbers now showing there were 13,000 jobs lost during the month.
Yahoo Finance
The US labor market continued its dramatic summer slowdown in August.
The August jobs report released Friday by the the Bureau of Labor Statistics (BLS) showed there were just 22,000 new jobs added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months.
The unemployment rate rose to 4.3% last month.
Economists had expected the report to show 75,000 jobs were created in August with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg.
In July, the economy created 73,000 new jobs. Those figures were revised on Friday to show there were 79,000 jobs created during the month. Revisions to June's data, however, were more negative, with those numbers now showing there were 13,000 jobs lost during the month.
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