--- title: Job Report Misses Expectations, Fewest Jobs Added in 8 Months description: The U.S. economy added only 142,000 jobs in August, the slowest employment growth in 8 months. authors: - name: Jacob Davidson url: https://money.com/author/jacob-davidson/ at_money_since: 2014 articles: 106 covers: - Economy and Politics - Banking - Business - Career Advice - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/JakeD former_staff: true published: '2014-09-05T13:24:23.000Z' modified: '2024-04-16T04:19:48.000Z' section: Economy and Politics tags: - Economy - Employment - Federal Reserve - Janet Yellen - job growth - Jobs - Jobs report word_count: 212 canonical: https://money.com/jobs-report-misses-expectations-employment/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Job Report Misses Expectations, Fewest Jobs Added in 8 Months](https://money.com/img/logo-social.png) The economy added 142,000 jobs in August, substantially missing [analyst expectations](http://www.cnbc.com/id/101973339), according to the [latest data](http://www.bls.gov/news.release/empsit.nr0.htm) from the Bureau of Labor Statistics. Economists had predicted another month of high employment gains, with estimates predicting that 225,000 positions would be added. Instead, the August hiring missed that number by almost 40% and signalled the lowest employment growth in [eight months](http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-09-05-08-57-15). Unemployment remained virtually static at 6.1%. The report also showed the number of long-term unemployed persons declined by 192,000 to 3 million in August. This group currently makes up about a third of the overall unemployed population, but has declined by 1.3 million over the past year. The labor force participation rate -- the percentage of workforce that is either employed or actively looking for work -- remained mostly unchanged at 62.8%. Friday's numbers were a surprise considering recent economic growth. One important question is how the Federal Reserve will interpret the report. As Money's Taylor Tepper reports, Fed chair Janet Yellen has made stronger employment growth a core part of her monetary policy, and has signaled the Fed will raise interest rates only when slack in the labor market decreases. Slow job growth may convince the central bank to hold back on rate increases even longer and wait for further employment gains. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/jobs-report-misses-expectations-employment/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Economy", "item": "https://money.com/economy/" }, { "@type": "ListItem", "position": 4, "name": "Job Report Misses Expectations, Fewest Jobs Added in 8 Months" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/jobs-report-misses-expectations-employment/#webpage", "url": "https://money.com/jobs-report-misses-expectations-employment/", "name": "Job Report Misses Expectations, Fewest Jobs Added in 8 Months", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-09-05T13:24:23.000Z", "mainEntity": { "@id": "https://money.com/jobs-report-misses-expectations-employment/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/jobs-report-misses-expectations-employment/#breadcrumb" }, "dateModified": "2024-04-16T04:19:48.000Z" }, { "@type": "Article", "headline": "Job Report Misses Expectations, Fewest Jobs Added in 8 Months", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://money.com/img/logo-social.png", "width": 300, "height": 300 } ], "author": [ { "@type": "Person", "name": "Jacob Davidson", "url": "https://money.com/author/jacob-davidson/", "@id": "https://money.com/author/jacob-davidson/#author", "image": "https://money.com/content.money.com/wp-content/uploads/2015/12/jake-davidson-2.jpg?crop=35px%2C18px%2C872px%2C872px&resize=640%2C640&quality=85&strip&ssl=1", "email": "jake.davidson@yoh.timeinc.com", "sameAs": [ "https://x.com/JakeD" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2014-09-05T13:24:23.000Z", "description": "The U.S. economy added only 142,000 jobs in August, the slowest employment growth in 8 months.", "abstract": "The U.S. economy added only 142,000 jobs in August, the slowest employment growth in 8 months.", "@id": "https://money.com/jobs-report-misses-expectations-employment/", "inLanguage": "en-US", "dateModified": "2024-04-16T04:19:48.000Z", "wordCount": 212, "keywords": [ "Economy", "Employment", "Federal Reserve", "Janet Yellen", "job growth", "Jobs", "Jobs report" ], "about": [ { "@type": "Thing", "name": "Political economy", "sameAs": [ "https://en.wikipedia.org/wiki/Political_economy" ] }, { "@type": "Thing", "name": "Economy", "sameAs": [ "https://en.wikipedia.org/wiki/Economy" ] } ] } ] } ```