Massive Jobs Blowout: U.S. Economy Added 162,000 Jobs in August
The U.S. economy added 162,000 jobs in August and the unemployment rate held steady at 4.1 percent.
Economists had expected the economy to add 55,000 jobs and the unemployment rate to tick up to 4.2 percent from 4.1 percent in July.
The previous month’s reported job loss was revised away. The July estimate was revised up by 44,000, from a loss of 23,000 to a gain of 21,000. The June gain was revised up by 11,000 to 31,000. After these revisions, employment in June and July combined is 55,000 higher than previously reported.
The private sector added 127,000 jobs in August, far more than the 53,000 expected. The prior month’s gain of 30,000 was revised up to 71,000.
Manufacturing payrolls rose by 16,000, above the 5,000 estimated. The July estimate was revised up from a gain of 5,000 to a gain of 14,000. Durable goods added 15,000 jobs in August after adding 24,000 in July and 13,000 in June...
Related
ICE Breaks Record, Arrests Nearly 51K Illegal Aliens Across U.S. in August, Breitbart:
Immigration and Customs Enforcement (ICE) has broken another record, arresting nearly 51,000 illegal aliens across the United States last month...
In August, ICE agents arrested 50,925 illegal aliens across the U.S., surpassing July’s record of 50,208 arrests. It also marks the second consecutive month with more than 50,000 illegal aliens arrested.
The previous record, before July, was set in June of this year when nearly 44,000 illegal aliens were arrested by ICE agents...
This week, the Center for Immigration Studies released analysis showing that since the start of President Trump’s second term, the nation’s foreign-born population has declined by about 2.9 million - suggesting that the administration’s fierce migrant crackdown has been wholly effective.