Tuesday, February 7, 2023
HomeeconomyJobs report disappoints — only 235,000 positions added vs. expectations of 720,000

Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000

  • Nonfarm payroll growth in August increased by just 235,000 vs. expectations of 720,000.
  • The unemployment rate fell to 5.2%, in line with estimates.
  • Leisure and hospitality jobs were flat during the month after leading the way for much of the year.
  • Wages rose at a 4.3% year-over-year clip.

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