This August, nonfarm payroll employment increased by 151,000, reports the Bureau of Labor Statistics. This rise was slightly lower than initially anticipated, as June and July showed stronger gains: 546,000 jobs were added in June and July combined. According to Reuters, the smaller-than-expected rise stems from difficulties adjusting the data for seasonal fluctuations related to school calendars. The good news? Leisure and hospitality added 29,000 jobs in August, on par with the averages earlier in the summer. For more information, click here.
