Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today.

BLS

The economy added just 235Kjobs in August. Less than July (which was revised up) and unfortunately less than expected (+725k). Unemployment dips to 5.2% from 5.4%. pic.twitter.com/ZTqUdhdvNC

— Steven Rattner (@SteveRattner) September 3, 2021

Goodbye Taper? Huge Jobs Miss As US Adds Just 235K Jobs In August https://t.co/lzPluj7LSF

— zerohedge (@zerohedge) September 3, 2021

The big red flag in the August jobs report: Job LOSSES in retail and restaurants -- likely b/c of the Delta variant.

Retail: -29,000 jobs
Restaurants: -42,000

Job gains elsewhere:
Biz: +74,000 jobs
Warehouse: +53,000
Manufacturing: +37,000
Entertainment: +36,000
IT: +17,000

— Heather Long (@byHeatherLong) September 3, 2021