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U.S. Hiring Slowed to 235K jobs in August

America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out, dropping unemployment to 5.2% from 5.4% in July.

The August job gains the government reported Friday fell far short of the roughly 940,000 that employers had added in each of the previous two months, when widespread vaccinations allowed the economy to fully reopen from pandemic restrictions. Still, the number of job openings remains at record levels, and hiring is expected to stay solid in the coming months.

See the full article from Arkansas Business here.