The US economy added 142K jobs in August 2024, more than a downwardly revised 89K in July but below forecasts of 160K. Job gains occurred in construction (34K); health care (31K), namely ambulatory health care services (24K); government (24K); and social assistance (13K). In contrast, employment declined in manufacturing (-24K), reflecting a drop of 25K in durable goods industries. Employment showed little change in mining, quarrying, and oil and gas extraction; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services; and leisure and hospitality. Employment growth in August was in line with average job growth in recent months but was below the average monthly gain of 202K over the prior 12 months. Meanwhile, July figures were revised lower by 25K and June by 61K.

#USNonFarmPayrollReport