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August Jobs Report: Economy Continues to Rebound As Unemployment Rate Drops

In August, America added nearly 1.4 million new jobs according to the Bureau of Labor Statistics monthly Employment Situation Report, in line with the consensus forecast. The unemployment rate fell by 1.8 percentage points to 8.4 percent, the second-largest decline on record. The August jobs report confirms that the strong recovery continues.

  • In August, America added nearly 1.4 million new jobs according to the Bureau of Labor Statistics monthly Employment Situation Report, in line with the consensus forecast. The unemployment rate fell by 1.8 percentage points to 8.4 percent, the second-largest decline on record. The August jobs report confirms that the strong recovery continues.