WASHINGTON – The unemployment rate fell from 4.3 to 4.2 percent, the US Bureau of Labor Statistics (BLS) announced.
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Economists of the Fekset agency forecast 160,000 new jobs in August and unemployment of 4.2 percent, so the result was slightly behind expectations, according to CNN.
In August, 34,000 new jobs were opened in the American construction industry, 31,000 in health care, 24,000 in the public sector and 13,000 in the field of social care.
A very weak July jobs report fueled fears that the labor market is collapsing, potentially leading to a recession in the US economy.
The August report was more favorable, but it still does not provide a clear picture of the future development of the economy in the US, the American media house concludes.
US President Joe Biden issued an official statement regarding the August report of the Bureau of Labor Statistics.
Biden said nearly 16 million new jobs have been created, businesses are investing in the country and millions of people are starting small businesses, which he sees as “acts of hope and trust.” He explained that he and US Vice President Kamala Harris are working to improve conditions for the middle class and support American workers and businesses, Baha agency reports.
“The last thing we need to do is go back to the failed economy pushed by Republicans in Congress”Biden said.
Former US President and Republican presidential candidate Donald Trump called the Bureau of Labor Statistics’ August numbers a “disaster”.
“You had numbers that are shocking. Americans born here lost 1.3 million jobs, while Americans born abroad were able to take all those jobs.”Trump pointed out. Tanjug
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