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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
August jobs report: US economy adds 1.37 million jobs, unemployment 8.4% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BOOM !!!! Still too high. 8.4% is high unemployment rate.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets InsiderSummary List Placement US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemplo... Hi, I will provide you with the BEST Quality B2B, B2C lead of any business sector/category that you can use to increase your sales or increase your Business traffic. To Take My Serves Please DM/PM me or Visit My Gig: leadgeneration B2B Businessleads
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood faces SEC investigation for deals with high-speed trading firms, report says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wheres the class action lawsuit... we’re the product it seems. So we have worth and that worth needs to be paid out to every user.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US service-sector recovery slows in August as pandemic fears weigh on spending - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. We are on this planet for a little while, we must take advantage of that life that we live on this planet. We must try to improve and take care of our planet. My book 'Cherax Quadricarinatus Crab Guide' could help eliminate hunger in the world.
Source: BusinessInsider - 🏆 729. / 51 Read more »