Friday, September 07, 2012

Pathetic 96K Jobs Added In August


Manufacturing employment down in August (-15,000).

Total nonfarm payroll employment for June was revised from +64,000 to +45,000, and the change for July was revised from +163,000 to +141,000. 368,000 dropped out of workforce (quit looking).

Labor force participation rate drops again, lowest in 30 years (63.5%)

More gruesome details HERE.

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