August unemployment numbers are in…improvement continues but at a slower pace

  • The unemployment numbers continue to drop with the announcement of August data; the initial forecast was a decrease from 10.2% to 9.8%

  • Actual unemployment fell to 8.4% with an additional 1.37m jobs added in August; down from 4.8m positions in June and 1.73m in July

  • However, nearly 20% of all job gains came from the US Government hiring for the 2020 Census, which are temporary positions

  • Plus transportation and manufacturing companies continue to announce plans for furloughs and layoffs

If you were furloughed or laid off, have you returned to a job?

Read the full news report from the Bureau of Labor Statistics

Curious how the numbers have changed? See our July unemployment post for details.

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