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MOM Change In Thousands (000's) <br />EMPLOYMENT <br />1,000 - <br />800 <br />600 <br />400 <br />200 <br />0 <br />- 200 <br />- 400 <br />F6P, <br />q��c"o 1 <br />Nonfarm Payroll (000's) <br />—Non-farm Payroll (000's) <br />3-month average (000's) <br />-l <br />eg i0 <br />6 -10e A% q4@ FP6 'Toe <br />�1 c)� �) ��' �) <br />Source: US Department of Labor <br />FP6�S q<e <br />25.0% <br />20.0% <br />e 15.0% <br />cc <br />10.0% <br />5.0% <br />C'MCHANDLER <br />ASSET MANAGEMENT <br />Unemployment Rate <br />Underemployment Rate (U6] <br />) <br />Unemployment Rate (U3) <br />0.0% <br />q0g '106 % ' 6 -10 �P6 '10 �P6 % ' % <br />c>p �,l c)l �) � �� �� �Q c'T ")s �s <br />Source: US Department of Labor <br />The U.S. economy added just 22,000 jobs in August, falling short of consensus expectations and punctuating the softening trend in the <br />labor market. The three-month moving average and six-month moving average payrolls totaled 29,000 and 64,000 respectively. The <br />unemployment rate rose to 4.3% in August from 4.2% in July. The labor participation rate inched up to 62.3%, remaining below the pre - <br />pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and <br />employed part time for economic reasons jumped to 8.1% in August from 7.9% in July. Average hourly earnings fell to 3.7% year -over -year <br />from 3.9% last month. <br />11/73 <br />4 <br />