Comments on August Employment Report

The labor market swings have been huge, and the August employment report was at expectations of 1.4 million jobs added, although private employment was below expectations. Leisure and hospitality added another 174 thousand jobs in August, following 4 million jobs added in May, June and July. Leisure and hospitality lost 8.3 million jobs in March and April, so about 50% of those jobs were added back in May, June, July and August. Earlier: August Employment Report: 1.4 Million Jobs Added, 8.4% Unemployment Rate In August, the year-over-year employment change was minus 10.25 million jobs. As......(read more)

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