The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for the U.S. labor market, as job creation exceeded expectations, but simultaneously, the unemployment rate inched upward, and wage growth moderated more than expected.
Non-Farm Payrolls Exceed Predictions: August’s non-farm payroll growth came in at 187,000, a robust increase from the downwardly revised July figure of 157,000, and surpassing the projected figure of 170,000. While employment creation among American companies is tracking slightly below the six-month average, it remains stronger than what was initially forecasted.
However, the total non farm payroll employment figures for June were adjusted downward by 80,000, shifting from a previously reported increase of 185,000 to 105,000. Likewise, the July ...