by Calculated Danger on 9/06/2024 08:30:00 AM
From the BLS: Employment Scenario
Complete nonfarm payroll employment elevated by 142,000 in August, and the unemployment price
modified little at 4.2 %, the U.S. Bureau of Labor Statistics reported immediately. Job positive factors
occurred in development and well being care.
…
The change in complete nonfarm payroll employment for June was revised down by 61,000, from
+179,000 to +118,000, and the change for July was revised down by 25,000, from +114,000 to
+89,000. With these revisions, employment in June and July mixed is 86,000 decrease than
beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added monthly since January 2021.
Payrolls for June and July have been revised down 86 thousand, mixed.
The second graph exhibits the year-over-year change in complete non-farm employment since 1968.
In August, the year-over-year change was 2.36 million jobs. Employment was up solidly year-over-year (Though the annual benchmark revision will decrease the year-over-year change).
The third graph exhibits the employment inhabitants ratio and the participation price.
The Labor Pressure Participation Charge was unchanged at 62.7% in August, from 62.7% in July. That is the share of the working age inhabitants within the labor drive.
The Employment-Inhabitants ratio was unchanged at 60.0% from 60.0% in July (blue line).
I will publish the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment price.
The unemployment price decreased to 4.2% in August from 4.3% in July.
This was beneath consensus expectations, and June and July payrolls have been revised down by 82,000 mixed.
I will have extra later …
