U.S. Job Growth Slows Again In August

Jobs

Even with the hiring of 25,000 temporary government workers to begin field work for the 2020 census, the U.S. jobs report posted Friday shows that the number of total non-farm payrolls fell by 34,000 in August and new revisions for June and July are raising concern the nation’s workforce is facing headwinds.

According to the job data from U.S. Labor Department’s Bureau of Labor Statistics, only 130,000 new jobs were added to U.S. payrolls between months as the nation’s jobless rate remained unchanged at 3.7%. U.S. job growth in 2019 has averaged only 158,000 per month thus far in 2019, well below the average monthly gain of 223,000 in 2018, BLS data shows.

“After a disappointing summer of economic data, today’s jobs figures confirm the labor market is not immune to the slowdown we’re seeing elsewhere,” said Michael Madowitz, economist with the left-leaning Center for American Progress in Washington, D.C. “While these data do not suggest a recession is around the corner, the employment situation – the most robust real-time signal of the state of the economy – eliminates any question that the economy has slowed under President Donald Trump’s administration.”      MORE

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