ET U.S. Added 1.4 Million Jobs in August: Live Updates The latest economic and business news during the coronavirus pandemic. The U.S. added 1.4 million jobs in August as unemployment fell to 8.4 percent. The U.S. economy added 1.4 million jobs in August, the Labor Department said Friday, down from 1.7 million in July and down sharply from the 4.8 million added in June. Investors were digesting the monthly jobs report from the U.S. Labor Department on Friday morning, which showed that 1.4 million jobs were added in August — a slower pace of recovery than in previous months. The construction sector is fewer than half a million jobs short of its level before the pandemic, but only 16,000 construction jobs were added in August.

Source: New York Times September 04, 2020 09:16 UTC