Unemployment Rate falls 12bp to 7.28%

Posted - Filed under Household Survey, Release Observations.

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