August Job Gain Led by Construction

By September 6, 2024Housing
Today’s jobs report and the newly released preliminary estimate of the benchmark revision indicate that the U.S. labor market is slowing from its overheated state in 2021 and 2022 but remains stable. Among all sectors, construction led the August job gains, adding 34,000 jobs to payrolls. Additionally, wage growth accelerated in August. Wages grew at…