The US labor market sinks after 53 months in positive. As the latest data from the White House Department points out, the US economy generated 22,000 non -agricultural jobs during the last August, a figure below 79,000 created in July. Meanwhile, The unemployment rate rose a tenth and stood at 4.3%.
Work has reviewed Julio’s reading in 6,000 jobs, from 73,000 to 79,000, and June on 27,000, from 14,000 to -13,000. With these modifications, 21,000 jobs have disappeared regarding what was previously informed. Thus, the labor market of the first world power has broken with the sequence of 53 consecutive months creating employment after the retroactive update of the June data.
In the case of the unemployment rate, it stood in August at 4.3%, a tenth more than the previous month and that in August 2024. This figure has taken off from the band from 4% to 4.2% in which it had been oscillating from May 2024.
Besides, The unemployment rate has also increased. The number of unemployed reached 7,384 million in the eighth month of the year compared to the previous 7,236 million, including 1.930 million long -term unemployed (those without work for 27 weeks or more) that represented 26.1% of the total unemployed.
The number of part -time employees for economic reasons rebounded in 65,000 people, up to 4,749 million. Also, the rate of participation of the workforce stood at 62.3%, one tenth.
This is the first report that the BLS International He publishes after President Donald Trump fired the head of the institution. The president then considered that the bad data of July, which showed a job creation of 73,000 new positions, They were being misrepresented.
Analysts expected this August, normally complicated for job creation, about 75,000 new jobs will be createdso the bad data gives additional guarantees to the markets that there will be a decrease in interest rates this month after the Federal Reserve meeting.
The sector of the health and care It was the one that led the creation of jobs, with 31,000 new jobs, while there were no major changes in most sectors, with special data in the manufacturing sector, which lost 12,000 jobs.
