Economy Added 169,000 New Jobs in August 2013

The economy added 169,000 jobs in August, which is slightly less than the average gain of 184,000 jobs over the past twelve months. The unemployment rate is 7.3%, which is down from 8.1 percent one year ago. Teenagers are still the largest unemployed demographic at 22.7%.

The strongest industry in August was retail trade where 44,000 jobs were added. Retail has added 393,000 jobs in the past 12 months. Health care added 27,000 jobs and professional and business services added 23,000 jobs in August. The motion picture and sound recording industry lost 22,000 jobs in August.

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Posted on September 26, 2013

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