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Job Growth Slows In August, But Unemployment Rate Falls To 5.2 Percent
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deadline.comThe pace of job growth slowed considerably in August, in what was seen as a sign of the impact of a new uptick in Covid-19 cases throughout the country.The U.S.
added 235,000 jobs during the month, while the unemployment rate fell to 5.2%, a drop of 0.2 from July.While that is still significant job growth, it’s far less than analysts had expected, and a drop from 1.1 million jobs added in July and 962,000 in June.
Employment in retail declined over the month, while jobs in retail and hospitality were essentially unchanged, according to the Bureau of Labor Statistics.
Some 36,000 jobs were added in arts, entertainment and recreation, but that was offset by a 42,000 loss in jobs in restaurants and bars.The labor force participation rate,
Read more on deadline.com
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