The American economy has generated 142,000 new nonfarm payrolls in August, a figure well above the 89,000 created in Julywhile the unemployment rate fell by a tenth, to 4.2%, as published this Friday by the Ministry of Labor.
So the US labor market is recovering from the poor July data just before the meeting of the Federal Reserve (Fed) planned for Tuesday and Wednesday next week, although fewer positions were created than expected.
Number of jobs below average
In any case, they have been creating jobs for 44 consecutive months, even if the record in August is below the average of the last twelve months, which is 202,000 new jobs.
Hiring increased, mainly in construction, health and social services, while industry adjusted its workforce.
For its part, there is virtually no variation in the mining sector; oil and gas extraction; wholesale and retail trade; transportation and storage; information sector; financial activities; business and professional services; recreation and tourism; other services and in government.
Meanwhile, Labour has downgraded its reading of June In 61,000 jobsfrom 179,000 to 118,000, and that of July by another 25,000, from 114,000 to 89,000. With these changes, 86,000 jobs have been reduced compared to what had been previously reported.
In the case of the rate of unemploymentThis rose to 4.2% in August, one tenth less than the previous month and four tenths more than the same month in 2023.
The number of unemployed reached 7.115 million in the eighth month of the year compared to 7.163 million in July, including 1.533 million long-term unemployed (those without work for 27 weeks or more) who represented 21.5% of the total unemployed.
Subsequently, the number of part-time employees for economic reasons increased by 264,000 people, reaching 4.83 billion. Similarly, the activity rate stood at 62.7%, unchanged.
Grant applications
Last week, unemployment claims in the United States reached a total of 227,000 applicationsThis is 5,000 fewer people than the previous figure, as revealed by the same ministry on Thursday.
During the week ending August 24, beneficiaries of this benefit totaled 1.838 million, a reduction in the number of beneficiaries of 22,000 people, compared to 1.860 million the previous week. During the same comparable period of 2023, the number of citizens receiving benefits reached 1.802 million.
