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%