U.S. job growth solid in August; unemployment rate rises to 3.7%

Unemployment rate increases as job growth slows

The unemployment rate rose to 3.7% last month as job growth slowed, according to federal officials.“The jobs numbers show a slowdown from the unexpected hiring surge in July but still paint a picture of an economy creating jobs at a healthy clip,” said Christopher Geehern, executive vice president of Associated Industries of Massachusetts. “The numbers are consistent with our view that the state and national economies are growing at a sluggish p…

Hispanic Unemployment Rate Rises to 4.5% in U.S. In August: Why

While the unemployment rate increased in all demographics, Hispanic workers were the second most affected group, behind only African-American workers, according to a report by the Bureau of Labor Statistics

US Economy Adds 315,000 Jobs In August, But Unemployment Rises To 3.7 Percent – Analysis

The August employment report gave a somewhat mixed picture as the establishment survey showed a strong gain of 315,000 jobs, while the household survey showed the unemployment rate rising by 0.2 pe…

US hiring slowed in August as employers add 315,000 jobs amid weak economy

The unemployment rate rose to 3.7 per cent, from a half-century low of 3.5 per cent in July, as more Americans came off the sidelines to look for jobs and didn't find work immediately

US Creates Fewer Jobs Than Expected in August and Unemployment Rate Rises to 3.7%

The U.S. Bureau of Labor Statistics reported that 315,000 jobs were created in August, raising the unemployment rate to 3.7%; professional and business services, customer service, and...

US Job Growth Solid in August; Unemployment Rate Rises to 3.7%

U.S. employers hired slightly more workers than expected in August, keeping the Federal Reserve on track to deliver a third 75 basis points interest rate hike this month, though the unemployment rate increased to 3.7%. Nonfarm payrolls increased by 315,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for July was revised slightly down to show payrolls surging 526,000 instead of 528,000 as pr…