Today’s Jobs Report in Pictures
Today’s disappointing jobs report shows that despite 30 straight months of private-sector job creation – including 103,000 new private-sector jobs in August – the unemployment rate is likely to remain high for the foreseeable future. The dip in the unemployment rate to 8.1 percent in August reflects a drop in labor force participation, not a strong labor market.
Below are some charts to show how the new figures look in historical context. Here is our statement with further analysis.