🇺🇸U.S. Aug. Labor Participation Rates Rise
- Rosbel Durán
- Sep 2, 2022
- 1 min read
U.S. Aug. headline Non Farm Payrolls posted a rise of 315K, down from the previous but higher than the consensus of 298K
The unemployment rate ticked up to 3.7% from 3.5%, however, labour participation rate advanced to 62.4% from 62.1%
In terms of sectors, education and business services posted the largest gains in the month, at almost 70K each. Construction added 16K jobs, a slowdown from the previous 24K, however, the interest rate sensitive sector continue to grow
Leisure had its slowest month in more than a year, adding 7k jobs
AHE slowed to 0.3% from 0.5% M/m, earnings were unchanged at 5.2% Y/y
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