August Jobs Report: NFP +130K, 3.7%

The August jobs report is out. The U.S. economy created 130,000 net new jobs last month. The unemployment rate stayed at 3.7%.

Average hourly earnings rose 11 cents to $28.11 per hour. That’s an increase of 0.4%, and up 3.2% in the last year.

There were some revisions to the NFP data. June was revised lower by 15,000 and July was down 5,000.

Within the job gains, the Census Bureau added 25,000 jobs while manufacturing added 3,000 jobs. The Labor Force Participation Rate rose to 63.2% from 63%.

Posted by on September 6th, 2019 at 8:34 am


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