Unemployment Rose to 3.8% and 187,000 Jobs Were Added in August

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Unemployment Rose to 3.8% and 187,000 Jobs Were Added in August
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The unemployment rate rose to 3.8%, up from 3.5% in July, and job gains eased slightly in August, adding : Social assistance, leisure and hospitality, healthcare and construction establishments increased their hiring, while warehousing and transportation employers cut staff.

This reflected the impact of the: “The labor market is back to its normal pre-pandemic climate,” said Julia Pollak, chief economist at ZipRecruiter. “The question going forward is whether this will be the sustainable long-term condition of the labor market or whether we will cross below the pre-pandemic level to something slower and cooler.”

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