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…
U.S. job growth seen slowing in August as Delta variant curbs services demand
By Lucia Mutikani WASHINGTON - U.S. employment growth likely pulled back in August after gaining nearly 2 million jobs in the past two months as soaring COVID-19 cases reduced demand for travel and entertainment, but the pace was probably enough to sustain the economic expansion. The Labor Department's closely watched employment report on Friday would come as economists have been
US adds just 235,000 jobs in August as Delta variant spreads
Unemployment rate declines by 0.2 percentage points to 5.2% from 5.4% in July as employers cut back hiring plansThe US economy added just 235,000 jobs in August, a sharp drop from preceding months, as employers cut back hiring plans amid the spread of the Delta variant of the coronavirus virus.The unemployment rate declined by 0.2 percentage points to 5.2% from 5.4% in July and has fallen dramatically from a high of 14.7% in April last year. So …
U.S. added just 235,000 jobs last month, well short of expectations
America's employers added just 235,000 jobs in August, a surprisingly weak 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.