August’s job report saw a gain of 235,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month.
August’s unemployment rate declined to 5.2%, down from 5.4% in July. The civilian labor force participation was 61.7%, unchanged from July.
The report found that average hourly earnings for employees on private, nonfarm payrolls rose by 17 cents to $30.73.