Morningstar

August US Jobs Report: 22,000 Rise in Payrolls, Well Below Expectations

Unemployment rate rose to 4.3%.

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The US economy added 22,000 jobs in August, according to the latest report from the Bureau of Labor Statistics.

The unemployment rate rose to 4.3% from July to August.

Nonfarm payroll employment had been forecast to show an increase of 110,000 vs. an increase of 73,000 originally reported in July, according to FactSet. That July gain has since been revised up to 79,000. Meanwhile, the unemployment rate had been forecast to remain steady at 4.2%.

August Jobs Report Key Stats

  • Total nonfarm payrolls rose by 22,000 after rising by 79,000 in July.
  • The unemployment rate rose to 4.3% in August from July.

In August, average hourly wages rose by 10 cents, or 0.3%, to $36.53.

The average workweek for all employees on private nonfarm payrolls remained unchanged at 34.2 hours in August.

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