Friday, September 4, 2020

PAYROLL JOBS | Rise by 1.4 million in August, as expected

September 4, 2020—Nonfarm payroll jobs rose by 1.4 million in August, showing modest recovery in depressed sectors like retail trade and leisure-hospitality. Education+health also increased, reflecting the beginning of return to the academic calendar. 

Temporary workers were a factor, as the Census Bureau hired 238,000 temporary Census takers, a large factor in the growth of government jobs. Professional+business services turned to temporary-help services for 107,000 new workers; this sector is still 1.5 million jobs below its February level.

More information at https://www.bls.gov/news.release/jec.nr0.htm.

P.S. September 5—NY Times coverage here: https://www.nytimes.com/2020/09/04/business/economy/jobs-report.html



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