Delta Variant Impact

The unemployment rate fell from 5.4% in July to 5.2%, although the increase in US employment in August was lower than expected, according to the report. In February 2020, the United States cut 5.3 million jobs from pre-pandemic levels, and the unemployment rate for African Americans rose from 8.2% to 8.8%. Meanwhile, labor force participation among African-Americans has increased.
The government also revised employment growth to 962,000 in July, increasing employment by 24,000 from the originally reported 943,000.
The retail and food service industries lost 29,000 and 42,000 jobs, respectively, resulting in major unemployment. Zero leisure and hospitality opportunities have been added. Professional and business services increased by 74,000, transportation and warehousing increased by 53,000, manufacturing increased by 37,000, entertainment increased by 36,000, and information technology increased by 17,000.
The labor force participation rate (the percentage of the US population actively working or looking for a job) remained unchanged at 61.7% in July.
The ratio of the working-age population, which measures the number of employees to the total working-age population, changed from 58.5% month-on-month to 58.4% in July.