Employment Situation Summary August 2023

Payroll Employment: +187,000
vs. +170,000 expected and +157,000 in July

Unemployment Rate: 3.8%
vs. 3.5% expected and 3.7% one year ago

Average Hourly Earnings, month-over-month: +0.2%
vs. +0.3% expected and +0.4% in July

Average hourly earnings, year-over-year: +4.3%
vs. +4.3% expected and +5.4% one year ago

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