Employers add 235,000 jobs in August and unemployment rate dips to 5.2%

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BREAKING: Employers added 235,000 jobs in August, far below expectations of 720,000 new hires, and the unemployment rate dipped slightly to 5.2%, the Department of Labor says.

Jacquelyn Martin/AP

The fresh labor market data comes as the spread of the more contagious delta variant has throttled the pace of the recovery. The latest figure is a steep fall from the approximately 1 million jobs that were added in both June and July.Karen Rosa, a bartender who was newly hired this year, works the bar at the Lost Dog Cafe, in Fairfax, Va., Aug. 27, 2021.So far this year, job growth has averaged 586,000 jobs per month, the DOL said.

Employment in retail trade declined by 29,000 jobs in August, likely a reflection of the virus resurgence, with major losses in food and beverage stores .

 

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