"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Friday, September 2, 2011

Employment Situation News Release

I know I've been a bit of a slacker on these updates this week, and I'll get back to them on Tuesday.  But have a look at this.  We added 0 jobs in August.
Expect market panic, going into Labor Day.

Bureau of Labor Statistics
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf and also archived at http://www.bls.gov/news.release/archives/empsit_09022011.pdf. Highlights are below.

Payroll employment unchanged (0) in August; unemployment rate holds at 9.1%


Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent. Employment in most major industries changed little. Health care continued to add jobs; a decline in information employment reflected a strike. Government employment continued to trend down.

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