Clemson Economic Trends

August Jobs Report – Workers Returning to Labor Force Increase Unemployment Rate

The Bureau of Labor Statistics (BLS) released the Employment Situation for August 2022. The report found that the economy added 315,000 jobs in August, but the unemployment rate increased by 0.2 percentage points to 3.7 percent. Given the continued strength of job gains, a natural question is how the unemployment rate could continue to rise. […]