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'The Bureau of Labor Statistics released a significantly weaker than expected August jobs report Friday morning.
Employers added just 142,000 jobs last month, sharply lower than the 225,000 economists were anticipating and the smallest monthly gain of 2014. The unemployment rate, which is drawn from a different survey of households, dropped from 6.2% to 6.1%.
The July payroll number was revised up from plus 209,000 jobs to plus 212,000 but June’s count was revised down from 298,000 jobs added to 267,000. Total employment gains those months were therefore 28,000 lower than what BLS — a division of the Department of Labor — previously reported. Job growth has averaged 212,000 for the last twelve months.'
Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1% - Forbes
BTW, the unemployment rate dropped principally because the labor force participation rate dropped...again.
Employers added just 142,000 jobs last month, sharply lower than the 225,000 economists were anticipating and the smallest monthly gain of 2014. The unemployment rate, which is drawn from a different survey of households, dropped from 6.2% to 6.1%.
The July payroll number was revised up from plus 209,000 jobs to plus 212,000 but June’s count was revised down from 298,000 jobs added to 267,000. Total employment gains those months were therefore 28,000 lower than what BLS — a division of the Department of Labor — previously reported. Job growth has averaged 212,000 for the last twelve months.'
Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1% - Forbes
BTW, the unemployment rate dropped principally because the labor force participation rate dropped...again.