National job growth continues to slow

Job growth in the national economy continues to slow. According to preliminary figures from the Bureau of Labor Statistics, the economy added a net 130,000 jobs in August on a seasonally-adjusted basis.

August represented the second consecutive month of decelerating job growth – following gains of 178,000 in June and 159,000 in July. It also represented the first time in nearly seven years that the economy added fewer than 200,000 jobs in four consecutive months. 

Private-sector payroll gains were even weaker in recent months. The overall private sector added a net 96,000 jobs in August, which marked the seventh consecutive month with gains of fewer than 200,000 jobs.

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.