The Jobs Report – August 2020

What you need to know:

  1. The unemployment rate fell even with an increase in the labor force participation rate to 61.7% – a very positive sign
  2. The underemployment rate, which some view as the “true” unemployment rate, fell dramatically as well from 16.5% to 14.2%
  3. There were solid increases in payrolls across most private sectors, with Leisure and Hospitality up 174k, but well off the July high of 621k
  4. Despite earlier setbacks with the virus and fading fiscal support, the recovery continued in August 

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.