1.4 Million Jobs Gained in August; Unemployment Rate Falls to 8 Percent

U.S. payrolls greater by 1.four million in August, about what was predicted, as the pace of rehiring has slowed and layoffs continue on. The unemployment price fell to eight.four percent from 10.2 percent in July, according to the most up-to-date report from the Bureau of Labor Statistics. August was the very first thirty day period just after a $600 weekly unemployment supplement expired, and stimulus plans shoring up corporations that retained staff lapsed.