Thursday, May 2, 2024

August Jobs Report: Hiring Slowed – Unemployment Rate Up Slightly

jobs report

*The pace of hiring slowed in August, while the U.S. unemployment rate edged up.

Nonfarm payrolls rose by a seasonally adjusted 156,000 in August from the prior month, the Labor Department said. The unemployment rate rose to 4.4% from 4.3%, though the level remains historically low.

Wages maintained a modest growth rate.

Economists surveyed by The Wall Street Journal had expected 179,000 new jobs and a 4.3% unemployment rate last month.

Get the FULL report at Wall Street Journal.

 

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