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The August 2024 jobs report presents both a continuation of current trends and new challenges for HR leaders and recruiters. While 142,000 jobs were added, private-sector payrolls grew by only 99,000, making it the weakest month for job growth since January 2021. This sluggish growth was coupled with ongoing labor shortages in skilled industries, signaling a labor market facing persistent challenges, particularly in high-demand sectors.
Weakest Month for Private Job Growth
Private payrolls increased by 99,000 in