U.S. Adds 151,000 Jobs in August, Jobless Rate at 4.9%

The August jobs report shows a steady unemployment rate of 4.9% and slower wage growth at 2.4%, leading to a disappointing outcome compared to economists' expectations. The report casts doubt on a potential rate hike by the Fed. Job growth fell short by nearly 30,000, and revisions to June and July data resulted in a net decrease of 1,000 jobs. Key data points include a household employment increase of 97,000, unchanged labor participation at 62.8%, and a manufacturing payroll decrease of 14,000. The main question remains whether this data justifies a rate hike in September.

What was the unemployment rate reported for August?

• 4.9%

• 5.1%

• 4.8%

• 5.0%

How much did job growth miss economists' expectations by?

• 20,000

• 50,000

• 30,000

• 40,000

What was the net change in job growth after revisions for June and July?

• Decrease of 1,000

• Increase of 2,000

• Increase of 1,000

• No change

What was the labor participation rate in August?

• 62.8%

• 63.2%

• 63.0%

• 62.5%

How did manufacturing payrolls change in August?

• Increased by 10,000

• No change

• Decreased by 14,000

• Increased by 14,000