U.S. Nonfarm Payrolls up 1.371 Mln in August, Boosted by Census By Investing.com

  • 10 months ago
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© Reuters.

By Geoffrey Smith 

Investing.com — The U.S. economy added 1,371 million jobs in August, roughly in line with expectations, in further evidence of a gradual recovery from the disastrous second quarter. 

The Bureau of Labor Statistics said that rose 1.027 million, more than twice the estimate of ADP (NASDAQ:) that was published on Wednesday. However, that was still short of expectations for a rise of 1.20 million. 

The overall employment numbers were boosted by around 238,000 related to hiring for the 2020 census.

The unemployment rate fell more sharply than expected, to 8.4% of the working population from 10.2% in July. Adult participation in the labor force edged up to 61.7 from 61.4.

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