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August’s job report saw a gain of 1.4 million nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. The improvements are a reflection of the continued resuming of activities due to COVID-19. Employment rose in leisure and hospitality. Other gains include government (hiring for 2020 census), retail trade, professional and business services, and education and health services.
August’s unemployment rate dropped to 8.4%, down from 10.2% in July. The civilian labor force participation was 61.7%, slightly up from 61.4% in July.
The report found that in August, average hourly earnings for employees on private, nonfarm payrolls rose by 11 cents to $29.47.