142k Jobs Added in August Jobs Report

by Modis on September 5, 2014

March 2014 National Jobs Report Modis

With only 142,000 jobs created in August, the six-month streak of at least 200,000 jobs created per month was broken according the U.S. Bureau of Labor Services Employment Situation report released Friday. The unemployment rate for the month remained steady at 6.1%. Despite the stalled growth, the over-the-year numbers still indicated a stronger employment situation. Over the past 12 months, the unemployment rate is down 1.1% and the number of unemployed persons is down 1.7 million.

The report also revised numbers from June and July:

  • June’s new jobs revised down from 298,000 to 267,000
  • July’s new jobs revised up from 209,000 to 212,000

Together, these two revisions indicate a 28,000 deficit from the previous initial monthly reports.

August Jobs Report Focus on IT

Professional and business services – the industry sector that contains IT and tech jobs – continued to lead in growth for the month. With 47,000 new jobs in August, the sector has created 639,000 jobs in the past 12 months.

Of the 47,000 new jobs, 4,500 were specific to IT. Computer systems design and related services posted 1,500 while Management and technical consulting services added 3,000.

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