September 2, 2022

BLS Employment Situation Report (August 2022)

-  Nonfarm Payrolls month/month  315,000.   Previous was 526,000

- Unemployment Rate  3.7%. Previous was  3.5%

- Private Payrolls - month/month 308,000.  Previous was   477,000

- Manufacturing Payrolls month/month  22,000. Previous was   36,000

- Labor Participation Rate    62.4 %. Previous was  62.1%

- Average Hourly Earnings month/month    0.3%. Previous was  0.4%

- Average Hourly Earnings year/year    5.2%. Previous was  5.3%

- Average Workweek        34.5 hours. Previous was  34.6 hours  

Revisions to May and June subtracted 107,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm