Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

US Employment Slows In August, Below Expectations

Published 09/05/2014, 08:43 AM
Updated 09/05/2014, 08:45 AM
US Employment Slows In August, Below Expectations

By Meagan Clark - The U.S. jobs report for August released Friday showed hiring has fallen a bit after a six-month streak of healthy growth.

Hiring in August dipped to 142,000 jobs, below economists' estimates of a rosy above-200,000 and below an average pace of 212,000 jobs added monthly over the past 12 months. 

© Reuters. The U.S. economy is adding jobs at a solid pace but economists would like the growth to accelerate.

The unemployment rate ticked down to 6.1 percent, compared to 6.2 percent in July and 6.1 percent in June.

Over the past seven months, the economy has added 1.7 million jobs, the most since 2006. Hiring for July was revised up to 212,000 from 209,000 and hiring for June was revised down to 267,000 from 298,000. Still, economists would like to see job growth accelerate.

The unemployment rate doesn't count the number of Americans who have given up searching for work. That information is, however, included in the labor force participation rate, which gauges the number of Americans who are working or looking for work.

In July, the labor force participation rate rose slightly — to 62.9 percent from 62.8 percent, where it had been for three months — but that's still an historically low level.

The unemployment rate has fallen by 1.1 percentage points over the past 12 months. If job growth remains as strong as it was this summer, it will dip to 5.5 percent by January and settle around 5.2 percent in the spring.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.