Economy

US Economy Adds 187,000 New Jobs, Unemployment Rate Climbs

The U.S. economy added 187,000 new jobs in August, topping the consensus estimate of 170,000 and marking the third-weakest jobs report under President Joe Biden.
US Economy Adds 187,000 New Jobs, Unemployment Rate Climbs
A ‘Now Hiring’ sign is displayed outside a Jiffy Lube location in Los Angeles, Calif., on Feb. 2, 2023. Mario Tama/Getty Images
Andrew Moran
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The U.S. economy added 187,000 new jobs in August, topping the consensus estimate of 170,000, the Bureau of Labor Statistics (BLS) said on Sept. 1. However, it marked the third-weakest jobs report under President Joe Biden.

Employment gains were revised down again as the change for July was adjusted lower by 30,000 to 157,000. Jobs were also adjusted for June by 80,000 to 105,000 (the initial estimate was 209,000), making it the worst jobs report since December 2020. From January to July, downward revisions have totaled 355,000.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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