San Francisco Trip Day 3, More Sight Seeing
August '06 Minnesota Job Scene

August ’06 National Job Scene

I am almost four weeks late with this post but hey, at least I got this in before the next months numbers.

    

The August employment numbers were released showing a slightly higher than expected increase of 128,000 jobs. The unemployment rate declined .1% to 4.7%. June and July numbers were revised a combined +18,000.

    

Winners:

Health care +35,000

Professional and business +26,000

Leisure and hospitality +16,000

Mining +5,000

   

Losers:

Retail -14,000

Manufacturing -11,000

   

Average hourly earnings were up .1% matching the estimate. Wages are up 3.9% over the previous 12 months.

    

National job gains:

December '05, 145,000

January '06, 154,000 (revised) 170,000 (first reported)

February '06, 200,000 (revised again) 225,000 (revised) 243,000 (first reported) 210,000 (consensus number)

March '06, 175,000 (revised again) 200,000 (revised) 211,000 (first reported) 190,000 (consensus number)

April '06, 126,000 (revised) 138,000 (first reported) 200,000 (consensus number)

May '06, 100,000 (revised again) 92,000 (revised) 75,000 (first reported) 175,000 (consensus number)

June '06, 134,000 (revised again) 124,000 (revised) 121,000 (first reported) 185,000 (consensus number)

July '06, 121,000 (revised again) 113,00 (first reported) 142,000 (consensus number)

August ’06, 128,000 (first reported) 125,000 (consensus number)

   

National unemployment rates:

December '05, 4.9%

January  '06, 4.7%

February '06, 4.8%

March '06, 4.7%

April '06, 4.7%

May '06, 4.6%

June '06, 4.6%

July '06, 4.8%

August ’06, 4.7%

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