LoginIn the United States, the unemployment rate dropped slightly for
the second month in a row, as it fell by .1 percent to an overall rate of 7.3 as a
result of 169,000 jobs created during the month, according to
the Bureau of Labor Statistics. Unfortunately, for the second month
straight, employment estimates from previous months drove down
total employment expectations, with 74,000 fewer jobs than
predicted created in June and July.
The highest market sectors for overall growth were found in
retail trade, which added 44,000 jobs, healthcare with 33,000 and
professional and business services, which grew by 23,000.
Average workweeks for all employees grew by a tenth of an hour
during the month to reach 34.5, while average hourly earnings
rose by 5 cents for an overall total of $24.05.
In Canada, the economy recovered by 59,000 jobs during the month of
August, according to The Canadian Press. That’s nearly three times
the 20,000 jobs experts had predicted and led to a small
decline of the national unemployment rate from 7.2 to 7.1 percent.
However, some professionals were concerned that most job
growth was in part-time employment.
In Brazil, where 100,000 jobs were expected to be created in
July, but only 41,463 were actually formed, according to
Reuters. Business sentiment is expected to continue to fall despite
record unemployment in the country.