Job creation slowed in August, with 315,000 new jobs compared to more than half a million registered in July, a figure that marked a return to the levels of February 2020, prior to the pandemic.
By sector, notable job gains occurred in professional and business services, health care, and retail.
The data for August imply a cooling of the labor market after the good data for July and after the rate stood at 3.6% in the previous four months.
The creation of 344,000 jobs in August is also lower than the average number of jobs created in the aforementioned period (March-June), when an average of 388,000 jobs were created.
The excellent strength of the American labor market is one of the main points of pride of the American president, Joe Biden, and one of the strengths he highlights to get away from the feared economic recession.
The United States entered a technical recession in the second quarter by registering two consecutive years of falling gross domestic product (GDP), although the Government insists that the country cannot be considered to be in recession in view of economic indicators such as the of employment.