BLS Releases August 2016 Employment Situation (Sept. 2016)

The U.S. economy continued to create jobs at a steady pace in August according to the Bureau of Labor Statistics.  Employers added 151000 jobs in August.  Job growth in July and June were revised in both directions—employers added 275000 jobs in July up from initially estimated 255000; but added fewer jobs in June as originally estimated 271000 down from 292000.  Over the past three months job growth has averaged 232000 additions a month.

Average hourly earnings rose 2.4 percent through August slightly slower than July’s increase of 2.6 percent.  Throughout 2015 annual wage growth averaged 2.3 percent.

The jobless rate of 4.9 percent remained unchanged in August.  Hiring was robust enough to absorb new entrants into the labor market keeping the overall unemployment level stable. 

The full BLS press release on August 2016 employment situation can be accessed in the link below:

The next employment situation for September 2016 will be released on Friday October 7 2016.