Skip to main content

U.S. Adds 315,000 Jobs in August


The U.S. economy added 315,000 jobs in August, according to the Department of Labor, which said the nation now has regained the number of jobs lost during the Covid-19 pandemic.

The unemployment rate rose to 3.7 percent because more people entered the labor market looking for work, the Bureau of Labor Statistics said in its monthly report on Friday.

The leisure and hospitality sector added 31,000 jobs in August, below the year-to-date trend of 90,000 jobs per month, the bureau said. Manufacturing gained 22,000 jobs in August, with durable goods accounting for almost all that increase.

In his statement yesterday commemorating Labor Day, U.S. Labor Secretary Marty Walsh said that 9.7 million jobs have been added to the U.S. economy since President Biden took office last year, with the August jobs data quantifying that, “our nation’s working people have come all the way back from the depths of the global pandemic, regaining every job lost and more.”

Walsh added: “There were those who said America’s workers didn’t want to go back to work, but Labor Day is a reminder of how warped and defeatist that view of our nation is and always has been. We’ve shown how much we can overcome and how much we can achieve together.”

The August employment results were largely within economists’ expectations, and the Wall Street Journal reported that the pace of job gains keeps the Federal Reserve on track for more interest rate increases. The acceleration of new entrants returning to the labor market may ease wage inflation, the Journal said.



Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.


DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.


NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.


Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.


Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.


RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.


An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .