WASHINGTON—U.S. job growth slowed in August as employers added 156,000 jobs, still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession.
The unemployment rate ticked up from 4.3 per cent to a still-low 4.4 per cent, the Labor Department said Friday. Job growth in June and July was revised down by a combined 41,000, leaving an average monthly gain this year of a solid 176,000.
Taken as a whole, Friday’s jobs report pointed to an economy that is still steadily generating jobs, though at a slower pace than it did earlier in the recovery from the recession. With fewer people looking for work, fewer jobs are being filled.