The job market continues to slow, according to a report released Friday by the Bureau of Labor Statistics showing that only 22,000 jobs were created in August.
Sept. 5 The job market continues to slow, according to a report released Friday by the Bureau of Labor Statistics showing that only 22,000 jobs were created in August.
Nonfarm payrolls increased by 22,000, which is well below the Dow Jones expectation of 75,000. The July increase was 79,000 and was revised up by 6,000. June saw a net loss of 13,000 after the estimate was dropped by 27,000.
Friday’s report showed that the unemployment rate, at 4.3%, and the number of unemployed people, at 7.4 million, changed little in August.
Health care added 31,000 jobs, below the average monthly gain of 42,000 over the previous
12 months. Employment continued to trend up over the month in ambulatory health care services, a gain of 13,000; nursing and residential care facilities, up 9,000; and hospitals, up 9,000.
