August’s job report saw a gain of 315,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in professional and business services, retail trade and healthcare.
August’s unemployment rate was 3.7%, increasing from 3.5% in July. The civilian labor force participation rate is at 62.4%, increasing from 62.1% in July.
The report found that average hourly earnings for employees on private, nonfarm payrolls was $32.36. Over the past 12 months, average hourly earnings have increased by 5.2%.