August jobs report shows U.S. added 162,000 jobs, blowing past forecasts
Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
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Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
The monthly job gains were slightly below the 55,000 forecast by economists, according to a poll by FactSet.
As the job market weakens, the number of Americans applying for unemployment benefits jumped last weak to its highest level in nearly four years.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.
New study ranks the best job markets in the U.S. based on commute times, access to employer health insurance and other factors.
Employers across the U.S. added 139,000 jobs in May while the nation's unemployment rate remained at 4.2%, new data shows.
There is a new breed of truthers on the right. Joining the paranoid ranks of the advocates of a government role in 9-11 and the birthers fascination with President Obama's birth certificate are conservatives that believe the Bureau of Labor Statistics (BLS) is making up jobs numbers to benefit President Obama.
The country's jobless rate inched up this past week.
