According to data released by the U.S. Bureau of Labor Statistics, total nonfarm payroll employment grew by 142,000 in August, but the nation’s unemployment rate remained at 4.2%.
According to the report, the jobs numbers were in line with average job growth in recent months, but lagged behind the average monthly gain of 202,000 new positions over the past year.
There are 7.1 million unemployed nationally, keeping the national labor force participation rate at 62.7% in August.
The report also says there were 5.6 million people in August that are “not in the labor force, but are seeking a job.” The bureau says these people were not counted as unemployed because they were not actively looking for work during the four weeks before the survey or were unavailable to take a job.
The jobless rate is higher than last year, when it was at 3.8% and the number of unemployed then was at 6.3 million. […]
— Read More: headlineusa.com
