Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
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Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
KEY POINTS
Nonfarm payrolls increased by just 22,000 for the month, lower than the 75,000 forecast, while the unemployment rate rose to 4.3%.
The report showed a marked slowdown from the July increase of 79,000, which was revised up by 6,000. Revisions also showed a net loss of 13,000 in June.
Health care again led by sectors, adding 31,000 jobs, while social assistance contributed 16,000. Wholesale trade and manufacturing both saw declines of 12,000 on the month.