Unemployment rate unexpectedly rose to 3.8 pct in August, payrolls increased by 187,000

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Unemployment rate unexpectedly rose to 3.8% in August , payrolls increased by 187,000

[h=1]Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000[/h]Source: CNBC

The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode.

Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday.
 
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