China News Service, Washington, September 4th. After four months of double-digit highs, the US unemployment rate fell to 8.4% in August.

  The US Department of Labor issued a report on the 4th that the non-agricultural sector added 1.4 million new jobs in August, and the unemployment rate fell 1.8 percentage points from the previous month to 8.4%.

Affected by the new crown epidemic, US companies shed 20.5 million jobs in April. Since then, the number of jobs has gradually turned from negative to positive, but the number of new jobs created in August was the lowest level since May.

  From the specific data, the employment growth in the United States in August mainly came from the retail industry, leisure and hotel industry, education industry and medical service industry.

In addition, the 250,000 census temporary employees recruited by government departments also contributed to the employment data for the month.

  The Associated Press quoted economists’ analysis as saying that the US job market is gradually adapting to slow and difficult economic growth. The above data shows that “the recovery of the overall US economy is still worrying”.

  This is the second-to-last employment report before the US presidential election in November.

According to the US media, there are still 4.7 million fewer jobs in the US than in January 2016. If the growth rate in August is used, these jobs will not be restored until January next year.

  US President Trump released an optimistic statement on the job market on the 4th.

He said on social media that the unemployment rate in August fell back to single digits faster than expected.

  "Wall Street Journal" analysis believes that August data shows that the US labor market is still developing in a positive direction, "but this improvement will be slower."

As the US government’s measures to restart the economy have slowed down, and companies have resumed production and job recruitment, the US economy will still face uncertainty in the coming months.

  Fed Chairman Powell gave a positive assessment of the August employment data in an interview on the 4th, but he reiterated that the US economy still has a long way to go and that the Federal Reserve Fund interest rate will remain low for some time.

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