August jobs report: Payrolls rise by disappointing 235,000 while unemployment rate falls to 5.2%

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    • #443825
      RCW2020
      Participant
      • Total Posts: 685

      Fri, September 3, 2021, 8:31 AM
      Source: Yahoo Finance

      The U.S. economy added back jobs at a far slower pace in August following an early-summer jump in employment, as an initial wave of reopening hiring waned and concerns over the Delta variant increased.

      The Labor Department delivered its monthly jobs report at 8:30 a.m. ET Friday morning. Here were the main metrics from the report compared to consensus estimates compiled by Bloomberg:

      Change in non-farm payrolls: +235,000 vs. +733,000 expected and a revised +1.053 million in July

      Unemployment rate, August: 5.2% vs. 5.2% expected and 5.4% in July

      Link to source…

    • #443954
      retired liberal
      Participant
      • Total Posts: 4,276

      Full time, living wage with benefits? Ha! Most likely, most of the jobs are part time, variable shifts, minimum wage.
      All it takes is to have one, part time job to be counted as employed.

      We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.
      If you are wrong, it will be because you are not cynical enough.
      The older we get, the less "Life in Prison" is a deterrent.
      Always wear a proper mask when out and about. The life you save could be both yours and mine.

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