The U.S. workforce expanded considerably in August, but with that came more people seeking unemployment.
The U.S. unemployment rate jumped 0.3 points to 3.8% in August as more Americans decided to reenter the labor market.
Overall, the U.S. added 187,000 jobs in August, which was higher than June and July figures. The new jobs came despite interest rate hikes meant to lower inflation. While interest rate hikes generally bring reductions to employment, the BLS data shows more people than ever are working. After months of high interest rates, 2008 started with 116 million workers. By the end of 2009, the U.S. had 107 million people in jobs.
Also of interest to the Federal Reserve is wages. There was an average increase of $6 per week in wages as the average hourly rate for workers increased 8 cents to $33.82, according to the data released on Friday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Brewers vs Cubs Prediction, Picks, Odds — August 30MLB odds, predictions, and picks for Milwaukee Brewers at Chicago Cubs on August 30. MLB free pick for Brewers-Cubs.
Lire la suite »
The 85 Best TV Shows On Prime Video (August 2023)The best shows available on Prime Video.
Lire la suite »
Nationals vs Blue Jays Prediction, Picks, Odds — August 30MLB odds, predictions, and picks for Washington Nationals at Toronto Blue Jays on August 30. MLB free pick for Nationals-Blue Jays.
Lire la suite »
Astros vs Red Sox Prediction, Picks, Odds — August 30MLB odds, predictions, and picks for Houston Astros at Boston Red Sox on August 30. MLB free pick for Astros-Red Sox.
Lire la suite »
U.S. job creation slowed in August, new data showsManagement services company ADP released data Wednesday morning showing job creation slowed in August. Javier David, Axios managing editor for business and markets and a CBS News contributor, has more on what that means for another possible interest rate hike.
Lire la suite »
Catman, Catwoman & Feline Gentlemen in the Daily LITG 30th August 2023Catman statues, Catwoman in Gotham War and Feline Gentlemen in manga gave Bleeding Cool a catty theme yesterday
Lire la suite »