9/3/2021, 2:30 PM (Source: TeleTrader)
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US nonfarm payrolls up by 235,000 in August

Nonfarm employment in the United States climbed by 235,000 in August, the country's Bureau of Labor Statistics reported on Friday. Meanwhile, the unemployment rate decreased by 0.2 percentage points to 5.2% last month.

The number of unemployed persons stood at 8.4 million, while temporary layoffs were flat at 1.3 million. The labor force participation rate remained the same month-on-month at 61.7%. Meanwhile, the number of people working from home was unchanged 13.4%.

The professional and business services contributed the most to the growth, adding 74,000 new employees, followed by transportation and warehousing, which made 53,000 new hires.

Baha Breaking News (BBN) / MD