Economy Gains 1.4 Million Jobs in August; Unemployment Declines to 8.4%

The U.S. economy gained 1.4 million jobs in August, and the unemployment rate declined to 8.4%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics. The improvements reflect the continued resumption of economic activity that previously was curtailed because of the COVID-19 pandemic.

In response to the August job numbers, AFL-CIO Chief Economist William Spriggs tweeted:









Last month's biggest job gains were in government (344,000), retail trade (249,000), professional and business services (197,000), leisure and hospitality (174,000), education and health services (147,000), transportation and warehousing (78,000), other services (74,000), financial activities (36,000), manufacturing (29,000), and wholesale trade (14,000). Employment changed little in mining, construction and information in August.

In August, the unemployment rates declined for teenagers (16.1%), Black Americans (13.0%), Hispanics (10.5%), Asians (10.7%), adult women (8.4%), adult men (8.0%) and White Americans (7.3%).

The number of long-term unemployed workers (those jobless for 27 weeks or more) rose in August.