500,000 Fewer Jobs Added Than Last Year

Friday, August 23, 2019

 

After the US government reported that employers added 2.5 million jobs between April 2018 and March 2019, the Labor Department is now saying the economy added half a million fewer jobs last year. This means that the US economy added fewer jobs that it previously thought. 180,000 job cuts in the retail sector is one of the contributing factors for the job loss.

 

The unemployment rate is still at a nearly 50 year low. However, there are still more jobs available than there are unemployed people seeking them.

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