Job Seeking Hesitancy Persists According to Recent Data

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Employment rose by 235,000 in August as the U.S. unemployment rate fell to 5.2 percent, according to the most recent U.S. Bureau of Labor Statistics report. So far this year, monthly job growth has averaged 586,000. In August, notable job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month. The number of unemployed persons edged down to 8.4 million, following a large decrease in July. Both measures are down considerably from their highs at the end of the February-April 2020 recession. However, they remained above their levels

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