WASHINGTON (Sept. 4, 2015) — U.S. total nonfarm employment increased by 173,000 jobs in August, while the national unemployment rate fell to 5.1 percent from July's 5.3, according to the latest figures from the Bureau of Labor Statistics (BLS).
However, U.S. manufacturing lost 17,000 jobs during the month, which caused fresh denunciations of China's manufacturing and currency policies from U.S. sources.
Big employment gains were scored in healthcare and social assistance (up 56,000 jobs), professional and business services (up 33,000), food services and drinking places (up 26,000), and financial activities (up 19,000).
Mining employment dropped by 9,000, however, while the jobs picture in wholesale and retail trade, transportation and warehousing, construction and government was virtually unchanged in August, according to the BLS.
“That was a terrible jobs report for manufacturing,” said Scott Paul, president of the Alliance for American Manufacturing, regarding the August figures.
“Asian currency devaluations, an overly strong dollar, and weakness in China are all taking their toll on factory jobs,” Mr. Paul said. “Developments in September could make matters even worse.
“Will the Obama administration hold China accountable for cheating, or instead offer even more concessions when President Xi Jinping visits?” he asked.