US hiring slows sharply in August as delta variant stunts job gains

• September 3, 2021
• realestatelife
• Announcements, Business & Markets, Politics & Economy, Real Estate Finance, World News, Your Real Estate Life

Nonfarm payrolls increased by 235,000 workers in August as the unemployment rate fell to 5.2%, the Labor Department said Friday. Analysts surveyed by Refintiv had expected the addition of 728,000 jobs and the unemployment rate to fall to 5.2%.

The job gains in the July report were revised higher by 110,000 to 1.053 million.