The US economy may be softer than previously thought as the Bureau of Labor Statistics revised its national seasonally adjusted employment figures downward, indicating employment levels were lower than originally estimated. Moderate revisions to metro-level unadjusted employment data further signal the pace of employment growth slowing, according to an analysis by RealPage.
The top 10 markets gained 604,800 jobs during the year ended in August, a 2.3% decrease from last month's employment growth. Of the top 10 metros, nine that led job gains in July remained in the top 10 for August. Plus, the largest eight remained in the same order.
The New York-White Plains metro division led the nation in employment gains with an annual increase of 139,000 new jobs as of August. That was about 20,000 fewer new jobs than the metro's July 12-month total gain, however.
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