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August jobs report: US hiring slows to just 235,000 new jobs after 2 strong months

Summary by Ground News

The Labor Department said Friday that employers added 235,000 jobs last month. The unemployment rate ticked down slightly to 5.2%. Leisure and hospitality, one of the industries hit hardest by the coronavirus pandemic, dragged on job growth. The government, meanwhile, was also a drain of job growth, cutting 8,000 positions.

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The Ohio Star

U.S. Economy Added Just 235,000 Jobs in August, Way Short of Economists' Projections - The Ohio Star

by Thomas Catenacci The U.S. economy added 235,000 jobs in August and the unemployment rate fell to 5.2%, according to Department of Labor data released Friday.The number of unemployed people decreased to 8.4 million, according to the Bureau of Labor Statistics report. Economists projected 720,000 Americans — roughly three times the actual number — would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.“Despite the…

3 years ago·Ohio, United States

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KLAS - 8 News Now

Thousands looking for work as federal jobless benefits end

LAS VEGAS (KLAS) - America’s employers added just 235,000 jobs in August, a modest gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping, and eating out. Next week, more than 100,000 claimants will get their last unemployment payments as federal benefits - an additional $300 per month - are set to end this weekend.Elisa Cafferata, the director of Nevada's Department of …

3 years ago·Las Vegas, United States

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Boston Herald

Unemployment rate declined in August — slightly

The national unemployment rate dipped by 0.2% to 5.2% in August, as the number of unemployed people edged down to 8.4 million, according to the Bureau of Labor Statistics.Saturday’s end to the additional $300 a week Federal Pandemic Unemployment Compensation provided on top of regular unemployment benefits could prove an incentive to look for jobs.“Obviously, it will push some people to return to work,” said Kevin Lang, a Boston University econo…

3 years ago·Boston, United States

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WND

U.S. economy falters, adds only 235,000 jobs in August

By Thomas Catenacci Daily Caller News FoundationThe U.S. economy added 235,000 jobs in August and the unemployment rate fell to 5.2%, according to Department of Labor data released Friday.The number of unemployed people decreased to 8.4 million, according to the Bureau of Labor Statistics report. Economists projected 720,000 Americans — roughly three times the actual number — would be added to payrolls prior to Friday’s report, The Wall Street J…

3 years ago·Medford, United States

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Wood TV

Delta variant kept jobs gains slim in August

WASHINGTON (NEXSTAR) — President Joe Biden and economists say the delta variant is responsible for slim gains in the jobs market, with the August report falling far short of projections.About 235,000 jobs were added to the economy last month, according to the U.S. Bureau of Labor Statistics. Economists had projected 735,000."We have a lot more work to do," Biden said Friday.That, he said, starts with slowing the spread of the coronavirus delta v…

3 years ago

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News18 India

Business Highlights: Jobs Report, Service Sector Slowdown

Americas employers added just 235,000 jobs in August, a modest gain after two months of robust hiring at a time when the delta variants spread has discouraged some people from flying, shopping and eating out. The unemployment rate dropped to 5.2% from 5.4% in July. The August job gains the government reported Friday fell far short of the big gains in June and July of roughly 1 million a month. Those increases were revised higher by a combined 13…

3 years ago·India

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