U.S. adds 315,000 jobs in August

Author:
Woodshop News Editors
Publish date:
Sep 6, 2022

The U.S. economy added 315,000 jobs in August, according to the Department of Labor, which said the nation now has regained the number of jobs lost during the Covid-19 pandemic.

The unemployment rate rose to 3.7 percent because more people entered the labor market looking for work, the Bureau of Labor Statistics said in its monthly report.

The leisure and hospitality sector added 31,000 jobs in August, below the year-to-date trend of 90,000 jobs per month, the bureau said. Manufacturing gained 22,000 jobs in August, with durable goods accounting for almost all that increase.

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The United States added 528,000 jobs and the unemployment rate fell to 3.5 percent in July, according to the U.S. Department of Labor’s Bureau of Labor Statistics. Manufacturing gained 30,000 jobs in the month.

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Construction employment increased by 28,000 jobs in August, following a dip in hiring and spending in July, according to a workforce survey by the Associated General Contractors of America.

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The United States added 372,000 jobs in June, indicating that the nation’s labor market remains strong even while the Federal Reserve fights high inflation and economic growth slows.

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The U.S. economy added 428,000 jobs in April, led by gains in leisure and hospitality, manufacturing, transportation and warehousing, according to the monthly statement from the U.S. Bureau of Labor Statistics.

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Orderfox.com, an Internet platform for companies within the CNC industry, introduces the Career Center for the site’s registered members to post open job opportunities.