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US Employers Add 162,000 Jobs As Unemployment Holds
Employers in the United States added 162,000 jobs in August.
The unemployment rate stayed at 4.1 percent.
This means the share of people looking for work did not change.
Another measure looks at people who have stopped searching and those working part time because they want full-time jobs.
That broader measure fell to 7.7 percent.
It reached its lowest level in more than a year.
Diane Swonk, an economist at KPMG, called the report “incredible.”
Overall, the figures showed improvement in several parts of the job market.
US employers added 162,000 jobs in August.
The unemployment rate remained at 4.1 percent.
A broader unemployment measure fell to 7.7 percent.
That broader measure includes discouraged workers and involuntary part-time workers.
KPMG chief economist Diane Swonk described the report as “incredible.”
- Who
- US employers, workers, unemployed people, and Diane Swonk of KPMG.
- What
- Employers added 162,000 jobs while the unemployment rate held at 4.1 percent.
- Where
- The United States.
- When
- August.
- Why
- The report reflected a rebound in hiring and a decline in a broader measure of unemployment.
Key facts
- Jobs added
- 162,000 in August
- Unemployment rate
- 4.1 percent
- Broader unemployment measure
- 7.7 percent
- Broader measure includes
- Discouraged workers and people working part time because they cannot find full-time employment
- Lowest level
- The broader measure reached its lowest level in more than a year
- Expert assessment
- Diane Swonk described the report as “incredible”
- Organization
- KPMG
Sources
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