Nonfarm payrolls increased by 144,000 jobs in August following lackluster net gains in June and July, which were revised upward by a total of 59,000 jobs to 169,000. So far, payroll employment has increased by 1.4 million jobs since the beginning of the year—just over half of the 2.7 million jobs lost between March 2001 and August 2003.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-09, pp. 12, 09.01.2004.