Unemployment increases slightly in August

The U.S. unemployment rate grew slightly from 4.3 percent in July to 4.4 percent in August, according to The Washington Post. The U.S. economy added a lower-than-projected 156,000 jobs in August; analysts thought federal economists would report about 200,000 new jobs.

Average monthly jobs gains this year, which are at 176,000, are about in line with average monthly gains of 187,000 during 2016.

Employment in manufacturing grew by 36,000 positions. Construction employment increased 28,000 with work for residential contractors driving the growth, adding 12,000 jobs. Employment in health care increased by 20,000; employment in food services and drinking places increased by 9,000; and mining added 7,000 jobs.

Employment in other major industries—including wholesale trade, retail trade, transportation and warehousing, information, financial activities and government—showed little change during the month.

This report does not include any impact from Hurricane Harvey, as the collection of data was completed before the storm struck.

There currently are 7.1 million unemployed people in the U.S.

Date : 9/5/2017