"22,000 jobs added in the month of August that was much less than the expectation of 75,000 guys the July number was revised I will get to revisions in a moment unemployment rate coming in as expected 4.3% so that would be higher than July's 4.2% again 22, 1000 jobs added an August let me get you the revisions because this is everybody is focused on."
"For June and July together, combined 21,000 jobs lower than previously reported. I'll categorize that now. So you see for June it was revised down by 27,000 getting you to negative 13,000 and the change for July up by 6,000, getting you to 79,000. Healthcare added 31,000 job guys. The federal government continued to decline federal government in August down 15,000 and is down by 97,000."
August payroll growth was very weak, with only 22,000 jobs added versus a 75,000 expectation and private payrolls at 38,000. The unemployment rate rose to 4.3% from July's 4.2%. June and July combined revisions reduced previously reported payrolls by 21,000 (June down 27,000 to -13,000; July up 6,000 to 79,000). Healthcare added 31,000 jobs while federal government employment fell 15,000 in August and is down 97,000 since January. Manufacturing employment decreased by 12,000, marking four straight monthly declines and a 78,000 year-over-year drop. Markets initially dipped then partially recovered.
#august-jobs-report #bls-statistician-firing #employment-revisions #government-and-manufacturing-layoffs
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]