“Payrolls increase by nearly 1.4 million as the unemployment rate tumbles”
September 4, 2020
“Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4%… An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and 22.8% at the peak in April.
Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July…
Government hiring helped boost the total, with the growth of 344,000 workers accounting for a quarter of the monthly gain. Most of that hiring came from Census workers, whose rolls increased by 328,000. Despite worries of a revenue crunch among at the municipal level, local government employment rose by 95,000…
Those on temporary layoff also declined, falling by one-third to 6.2 million and well off the high of 18.1 million in April. However, permanent job losses also jumped, rising by 534,000 to 3.4 million. Laid-off workers who returned to jobs also fell by 263,000 to 2.1 million…”
https://www.cnbc.com/2020/09/04/jobs-report-august-2020-.html