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The U.S. economy created 156K jobs in August

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The Labor Department on Friday reported that America’s economy added 156,000 jobs in August. This a dip from the 189,000 jobs created in July. Labor Department also reported that the unemployment rate reached 4.4 percent in August, up from July’s 4.3 percent.

Average hourly private-sector earnings rose 2.5 percent over the previous year, however, and earnings were also up the same amount in July.

Friday’s results were below economists’ predictions, with those polled by Bloomberg having forecast the creation of 180,000 jobs in August instead.

The analysts Bloomberg surveyed also expected a 2.6 percent increase in over-the-year hourly earnings and an unemployment rate of 4.3 percent.

Some Twitter users on Friday blamed President Trump for the latest news about America’s economy and workforce.


Other people on the social media platform praised the report as evidence Trump’s business policies are helping the nation’s fortunes.

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Labor additionally reported that the economy got 36,000 new manufacturing jobs in August, followed by 28,000 construction roles and 20,000 healthcare posts.

The agency finally noted that employment gains for June and July were both revised down from its previous reports. The economy added 189,000 jobs in July, according to Labor, as opposed to the 209,000 that were first reported.

June resulted in gains of 210,000 jobs, meanwhile, instead of the 231,000 that Labor first reported.

The New York Times reported that August has historically been soft for job growth, with data for four of the last five years coming in below expectations. Unemployment is around its lowest rate in 16 years, according to The Times, while hiring continues and the economy seemingly remains on track. The Times additionally reported, however, that average hourly earnings rose just 0.1 percent last month, less than expected.

Economists remain uncertain about why salaries are failing to rise despite strong hiring and falling unemployment over the last few years.

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