However, the rate would have risen by 15 basis points but for people leaving the labor force. Overall employment (seasonally adjusted) actually dropped by 115,000 according to the BLS’ Household Survey. (c.f. 169,000 increase in Non-Farm jobs produced by the BLS’ Payroll Survey) Read More
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Payroll Survey: 169k Non-farm jobs added in August
Government job growth was flattered by >10,000 new teaching jobs as seasonal adjustment struggles with “back to school”. Similar SA problems with three private sector areas tended to cancel each other out. Read More