Nonfarm payroll employment fell again in August by 113,000 jobs, reversing the gains made in July. Revised data for July, as for previous months, now show more favorable employment conditions than previously reported: Instead of a net loss of 42,000 jobs, the revised figures show a net gain of 13,000 jobs.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-09, pp. 12, 09.01.2001.