<header class="canvas-header" data-reactid=".151hy2vzz8g.$0.0.0.1.2.0.2.0.0 .$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.1" style="color: rgb(0, 0, 0); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; line-height: 16.9px;">US adds 151,000 jobs, unemployment rate at 4.8%
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US companies added just 151,000 payrolls during the month, missing expectations for 180,000 payrolls. While the numbers were lighter than expected, it reflects the 71st consecutive month of job gains, which is already the longest streak on record.
The unemployment rate stood at 4.9% in August, which was higher than the 4.8% forecast by economists. Notably, the July unemployment rate was revised up to 4.9% from an earlier estimate of 4.8%.
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US companies added just 151,000 payrolls during the month, missing expectations for 180,000 payrolls. While the numbers were lighter than expected, it reflects the 71st consecutive month of job gains, which is already the longest streak on record.
The unemployment rate stood at 4.9% in August, which was higher than the 4.8% forecast by economists. Notably, the July unemployment rate was revised up to 4.9% from an earlier estimate of 4.8%.
