Employment Situation Report for September 2014

The Employment Situation report for September 2014 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 6.1%
Actual: 5.9%

Non-farm Payrolls (month-to-month change)
Predicted: +215,000
Actual: +248,000

Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: 0.0%

Average Workweek
Predicted: 34.5 hrs
Actual: 34.6 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.

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New Unemployment Insurance Claims for The Week of September 27, 2014

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on September 27, 2014:

Predicted: 297,000
Actual: 287,000

Last Week (Revised): 295,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. 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 Labor Department report.

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