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US Nonfarm Payroll and Unemployment Rate: Difference between revisions
US Nonfarm Payroll and Unemployment Rate (view source)
Revision as of 12:46, 1 September 2023
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* Labor force participation rate held steady at 62.6% for a fifth straight month. | * Labor force participation rate held steady at 62.6% for a fifth straight month. | ||
* The biggest job creators were health(63,000), social assistance(24,000), financial activities(19,000)<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>. | * The biggest job creators were health(63,000), social assistance(24,000), financial activities(19,000)<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>. | ||
=== August === | |||
* Nonfarm payrolls increased by 187,000 in August, above 170,000 estimate and 157,000 in July(revised down from 187,000)<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>. | |||
* Unemployment rate rose to 3.8% in August from 3.5% in July, exceeding 3.5% estimate. | |||
* Labor force participation rate rose 0.2% to 62.8%, after being flat since March. | |||
* Average hourly earnings rose 0.2% m/m and 4.3% y/y, below expectations for it to increase by 0.3% m/m and 4.4% y/y. | |||
* Job growth was more pronounced in healthcare(+71,000), leisure and hospitality(+40,000), social assistance(+26,000) and construction(+22,000). | |||
* The biggest job losers were transportation and warehousing(-34,000) and information(-15,000). | |||
== References == | == References == | ||
<references /> | <references /> | ||