August Jobs Report

Last month, the U.S. economy created 1.371 million new jobs. The unemployment rate fell to 8.4%.

In two months, the economy lost 22.16 million jobs. Over the last four months, we’ve gained back 10.61 million jobs.

The labor force participation rate is up to 61.73%, which is still very low. Before the pandemic, it was running around 63%.

The jobs-to-population ratio is at 56.5%. It was over 61% at the start of this year.

Here’s a chart of non-farm payroll:

Here’s the unemployment rate:

Posted by on September 4th, 2020 at 8:35 am


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