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Industry Report

In August 2023, Healthcare and Leisure & Hospitality industries contributed significantly to employment figures

August 2023 Jobs Report

Total non-farm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8 percent. Employment continued to trend up in health care, leisure and hospitality, social assistance, and construction. Employment in transportation and warehousing declined. The number of unemployed persons increased by 514,000 to 6.4 million. Both measures are little different from a year earlier, when the unemployment rate was 3.7 percent and the number of unemployed persons was 6.0 million.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

(Increased by .3% since July)

USA Industry-Specific Updates
– August 2023

(+) Means Jobs Added MoM (-) Means Jobs Decreased MoM

+19,000

Professional & Business Services

Temporary help services -19,000
Professional, scientific, and technical services +21,000

+40,000

Leisure and Hospitality

Industry employment remains below the pre-pandemic level by 1.7%
Average monthly gains in the last 12 months +61,000

+71,000

Healthcare

Ambulatory health care +40,000
Hospitals +17,000
Nursing and residential care +17,000

+22,000

Construction

Specialty trade contractors +11,000
Civil engineering construction +7,000

-34,000

Transportation and Warehousing

Air Transportation +3,000
Truck Transportation -37,000

Other Sectors

Social assistance +26,000
Information Services -15,000

In August, the labor force participation rate rose by 0.2 percentage point to 62.8 percent, after being flat since March. The employment-population ratio was unchanged over the month at 60.4 percent.

Source: The US Bureau of Labor Statistics

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