August 2018 employment: US adds 201,000 jobs

According to ‘The Employment Situation‘ report released by the U.S. Department of Labor’s Bureau of Labor Statistics, the unemployment rate in the United States remained unchanged at 3.9 percent, while the economy added 201,000 jobs, in August.

The unemployment rate stayed at 3.9 percent as the number unemployed persons reduced slightly to 6.2 million.

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed in August at 1.3 million and accounted for 21.5 percent of the unemployed. Over the year, the number of long-term unemployed has declined by 403,000.

Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.6 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little or no change in August.

The change in total nonfarm payroll employment for June was revised down from 248,000 to 208,000, and the change for July was revised down from 157,000 to 147,000. With these revisions, employment gains in June and July combined were 50,000 less than previously reported.

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