The U.S. economy added 177,000 jobs in August, lower than this year’s average
The U.S. economy added 177,000 new job opportunities in the month of August, reports U.S. News & World Report. Labor market growth slowed slightly and is just under the monthly average in 2016.
“Job growth in August was stable and consistent with levels from previous months as consumer conditions improve,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute. “Continued strong growth in service-providing jobs is offset by weakness in goods-producing areas.”
Construction labor rid 2,000 jobs and manufacturing remained stagnant in August.