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August's Employment Situation

On September 7, the Bureau of Labor Statistics (BLS) reported that total nonfarm payrolls increased by 201,000 in August. The largest sector gains occurred in professional and business services (+53,000), healthcare (+33,000), and construction (+23,000). The unemployment rate was unchanged at 3.9 percent. The BLS also revised June's total nonfarm payroll down from +248,0000 to +208,000 and total nonfarm payrolls in July down from +157,000 to +147,000. Read the full report here.