Economy

US Economy Adds 22,000 New Jobs in August, Below Market Estimates

Average hourly earnings rose by 0.3 percent.
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US Economy Adds 22,000 New Jobs in August, Below Market Estimates
A "now hiring" sign at a coffee shop in Greensboro, N.C., on Sept. 19, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
|Updated:
0:00
U.S. job growth slowed in August, fueling concerns about a sharp slowdown unfolding in the labor market.

According to the Bureau of Labor Statistics, the economy created 22,000 new jobs in August, from an upwardly revised 79,000 in the previous month.

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