U.S. unemployment rises to highest level since February 2022
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The U.S. unemployment rate rose to 3.8% in August, up 0.3% from July and the highest since February 2022. In August, 187 thousand new jobs were created, and the number of unemployed increased by 514 thousand people and amounted to 6.4 million. Such data are provided in the monthly report Federal Bureau of Statistics, US Department of Labor.
The number of new jobs created in August was lower than the average for the previous 12 months. The largest number of jobs were created in healthcare – 71 thousand, in the leisure and hotel segment – 40 thousand, in the field of social assistance – 26 thousand. labor, increased by 0.2%, to 62.8%, before that, this indicator did not change for six months.
As explained to the channel CNBC Head of Economic Research at the Indeed Hiring Lab, Nick Bunker, “The US labor market continues to return to the ground, but from a very high peak.” “Last year the job market was a sprinter and now it’s turning into a marathon. Some slowdown is welcome here, this is the only way to go the whole distance, ”the expert believes.
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