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Posts Tagged ‘Stephen Bronars’

August Job Report Reflects Weak Numbers

We try not to be doom and gloom here on a Friday afternoon but we just need to call it like we see it.

The Labor Department issued the monthly jobs report today and it appears that job growth is slowing down.

In August, 169,000 jobs were added and unemployment dropped to 7.3 percent. The numbers seem grim since a Bloomberg survey indicates economists were actually expecting a boost of 180,000 jobs. Unemployment was anticipated to remain steady at 7.4 percent. Read more

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Monthly Jobs Report Reveals Weak Numbers

It’s not exactly news we want to hear soaring into a weekend but according to the Bureau of Labor Statistics, the nation added 162,000 in July.

Is that completely bleak? No. Is it excellent news? Not really. It’s less than the 185,000 forecast of economists polled by Bloomberg.

As for slightly better news, the unemployment rate trickled down slightly from 7.6 percent to 7.4 percent but that could be attributed to having fewer people in the workforce. Sigh. Read more