The August Numbers are In…. It’s not looking good!

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The US economy created the fewest jobs in seven months in August as the hiring stalled in the leisure and hospitality industries and a resurgence in infections weighed on demand for in markets like restaurants and hotels that have been driving most of the hiring. August employment report show the US economy added 235,000 jobs last month, well below the 720,000 expected. A closer look at the sectors shows that the loss of 42,000 jobs in catering and drinking water was offset by gains of 36,000 jobs in the arts, entertainment and recreation sectors.

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