Employment Situation Report for August 2015

The Employment Situation report for August 2015 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 5.2%
Actual: 5.1%

Non-farm Payrolls (month-to-month change)
Predicted: +223,000
Actual: +173,000

Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: +0.3%

Average Workweek
Predicted: 34.6 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.

"...The change in total nonfarm payroll employment for June was revised from +231,000 to +245,000, and the change for July was revised from +215,000 to +245,000. With these revisions, employment gains in June and July combined were 44,000 more than previously reported. Over the past 3 months, job gains have averaged 221,000 per month..."

Click here to view the full Department of Labor report.

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