Economics

U.S. Hiring Slows Sharply Amid Delta, Complicating Fed Taper

Payrolls rose 235,000 in August, short of all forecasts
Employment declines at dining establishments, retailers

U.S. Adds 235,000 Jobs in August, Unemployment Rate Falls to 5.2%

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By Reade Pickert and Olivia Rockeman

September 3, 2021 at 12:32 PM UTC

Updated on

September 3, 2021 at 1:34 PM UTC

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U.S. hiring downshifted abruptly in August with the smallest jobs gain in seven months, complicating a potential decision by the Federal Reserve to begin scaling back monetary support by year end.