Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
Employers added 142,000 jobs in August while the unemployment rate fell slightly to 4.2% from 4.3% in July, according to the Department of Labor. Jobs added for June and July were revised down by a combined 86,000, and July’s job growth was the lowest since December 2020. A few industries experienced job growth, with the construction industry adding 34,000 in August, while the health care field added 31,000 jobs, FOX Business reported.
21, bringing the annual increase to 3.8%.FOX Business noted that multiple jobholders rose by 65,000 to 8,538,000, and the number of part-time workers grew by 527,000, while full-time workers declined by 438,000. The latest August job statistics come as the Federal Reserve is expected to make an interest rate cut when the agency meets Sept. 17-18.
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