Unemployment Rate Fell to 8.4% in August
Washington, DC, October 2, 2020-Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4%, the U.S. Bureau of Labor Statistics reported.
These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase in government employment largely reflected temporary hiring for the 2020 Census. Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and in education and health services.