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September Jobs Report: +248,000. Unemployment rate: 5.9%
"Nonfarm payrolls grew more than expected in September as the unemployment rate fell to its lowest level since July 2008.
"According to the latest employment report from the BLS, nonfarm payrolls grew by 248,000 in September.
"The unemployment rate also fell to 5.9% from 6.1%, the first time the unemployment rate has been below 6% in more than six years.
From Bloomberg Business Week:
Payrolls in U.S. Rose 142,000 in August
"The 142,000 advance in payrolls was weaker than the lowest estimate in a Bloomberg survey and followed a revised 212,000 gain in July, figures from the Labor Department showed today in Washington. The median Bloomberg survey estimate was for a 230,000 increase. The unemployment rate fell to 6.1 percent from 6.2 percent in July, reflecting a drop in joblessness among teenagers."
Originally Posted by James48843
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate
was little changed at 6.2 percent.
Bureau of Labor Statistics just released that this morning @ 08:30 a.m.
Employment Situation Summary
Jobs report: +288,000jobs added in June. Unemployment rate = 6.1%
Estimates: +210,000 with unemployment rate of 6.6%
Actual: +288,000 with unemployment rate of 6.3%
It's a little misleading and the market isn't soaring on the data. The +288,000 is impressive plus there were solid upward revisions in Feb. and March, but 806,000 people left the work force (no longer part of the unemployment # equation) - the most ever since they started keeping track of that, and that accounts for the 6.3% unemployment rate. And when 800K
Updated 05-02-2014 at 08:06 AM by tsptalk