United States Economy Adds 169K Jobs in August

Total nonfarm payroll employment increased by 169,000 in August, about in line with the average monthly gain of 184,000 over the prior 12 months but slightly below expectations. Job growth occurred in retail trade and health care, while employment in information declined. Employment continued to trend up in food services and drinking places, professional and business services, and wholesale trade.

Retail trade added 44,000 jobs in August and has added 393,000 jobs over the past 12 months. Wholesale trade employment continued to trend up (+8,000). This industry has added 83,000 jobs over the past 12 months.

Within manufacturing, employment in motor vehicles and parts rose by 19,000 in August, after declining by 10,000 in July. Employment in other major industries, including mining and logging, construction, transportation and warehousing, financial activities, and government, showed little or no change in August.

The change in total nonfarm payroll employment for June was revised from +188,000 to +172,000, and the change for July was revised from +162,000 to +104,000. With these revisions, employment gains in June and July combined were 74,000 less than previously reported.

United States Economy Adds 169K Jobs in August

BLS | Nuno Fontes | nuno@tradingeconomics.com
9/6/2013 1:41:55 PM