US gains 130K jobs in August, unemployment holds at 3.7%
Valerie Bolden-Barrett | September 09, 2019
The U.S. gained an estimated 130,000 nonfarm jobs in August, according to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) monthly jobs report. August's job growth is the lowest since May, falling below July's revised total of 159,000 and June's adjusted 178,000. The unemployment rate has held steady at 3.7% for three consecutive months, BLS said. In August, job growth was notable in professional and business services (+37,000) and the federal government (+28,000), due mostly to the hiring increase of temporary workers to help with the 2020 census, BLS said. Healthcare (+24,000) and financial activities (+15,000) employment also increased. Little change occurred in construction and manufacturing. The retail sector shed 11,000 jobs, BLS found. The labor force participation rate reached 63.2% in August, but overall has not changed much this year, according to the report.