Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg
96,000 net, about half of what's needed simply to keep up with population growthPayrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery.
The economy added 96,000 workers last month following a revised 141,000 increase in July that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for a gain of 130,000. Unemployment fell to 8.1 percent, and hourly earnings were unchanged.
368,000 dropped out
participation rate 63.5%, lowest since 1981, down from 63.7
male participation lowest since 1948
manufacturing net -15,000, worst in 2 years
hourly earnings unchanged---58% of all jobs created during the "recovery" earn between 10 and 12 dollars per hour
june and july, already weak, revised down an additional 41,000
last nite president punt pleads for patience
no spin, lynn
seeya at the polls, paula