Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.In August, the US economy added 1.37 million jobs and the unemployment rate fell to 8.4%, the Labor Department reported Friday.
Economists also noted that there are underlying signs of trouble in the report. Even though the jobs report showed payrolls were added and came in above consensus, it's less than the 1.8 million jobs added in the previous month. And jobs added back in top sectors were also far fewer than in previous reports.
"Unfortunately, the easier jobs gains are over, and now we'll be battling permanent layoffs once thought to be temporary, bankruptcies, secondary layoffs and maybe major layoffs in the airline industry," he said. "Expect that starting this month we'll struggle to drop the unemployment rate as much, and possibly see break-even jobs months and even backsliding.""Those people who are on furlough dropped by 3 million this month.
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