Unemployment Numbers For The Month Of August were Awful [ANALYSIS]Harrison Roger
August’s Poor Employment Report
The Bureau of Labor Statistics (BLS) released its initial estimate of total nonfarm employment today, coming in up 96 K from the prior month. The 96 K gain in employment coincided with a drop in the unemployment rate from 8.3% to 8.1%, as 400 K fewer individuals sought work. The government’s accounting was strikingly different than ADP’s August report, which gave an initial estimate of 201 K jobs gained, with 185 K in the service sector and 16 . . .
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