Unemployment Rises in August

The Bureau of Labor Statistics reported that the unemployment rate increased to 6.1 percent in August, up from 5.7 in July. Employment fell in manufacturing and employment services, while mining and health care continued to add jobs. Average hourly earnings rose by 7 cents (0.4 percent) over the month. The ranks of the unemployed rose by 592,000 to 9.4 million. Over 12 months, the number of unemployed increased by 2.2 million, and the unemployment rate rose 1.4 percent. In August, the number of long-term unemployed (those jobless for 27 weeks or more) rose by 163,000, to 1.8 million, an increase of 589,000 over the past 12 months. The newly unemployed—those who were jobless fewer than five weeks—increased by 400,000 over the month. In related news, The Conference Board’s Employment Trends Index continued its downward trend in August, suggesting even more softening to come in
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out