Employment Situation Report for August 2014
The Employment Situation report for August 2014 was released by The Department of Labor's Bureau of Labor Statistics this morning:
Unemployment Rate
Predicted: 6.1%
Actual: 6.1%
Non-farm Payrolls (month-to-month change)
Predicted: +230,000
Actual: +142,000
Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: 0.2%
Average Workweek
Predicted: 34.5 hrs
Actual: 34.5 hrs
Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)
The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.
Click here to view the full Department of Labor report.
Unemployment Rate
Predicted: 6.1%
Actual: 6.1%
Non-farm Payrolls (month-to-month change)
Predicted: +230,000
Actual: +142,000
Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: 0.2%
Average Workweek
Predicted: 34.5 hrs
Actual: 34.5 hrs
Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)
The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.
Click here to view the full Department of Labor report.
Labels: employment, employment_situation, jobs, labor
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posted by Steve Brown | 9/05/2014 09:01:00 AM
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