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Economy

Economic Data (USA)

Friday, October 02, 2015

Employment Situation Report for September 2015

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

Nonfarm Payrolls (month-to-month change)
Predicted: +203,000
Actual: +142,000


Unemployment Rate
Predicted: 5.1%
Actual: 5.1%

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

Average Workweek
Predicted: 34.6 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.

"...The change in total nonfarm payroll employment for July was revised from +245,000 to +223,000, and the change for August was revised from +173,000 to +136,000. With these revisions, employment gains in July and August combined were 59,000 less than previously reported. Over the past 3 months, job gains have averaged 167,000 per month..."

"...The civilian labor force participation rate declined to 62.4 percent in September; the rate had been 62.6 percent for the prior 3 months..."
"...Thus far in 2015, job growth has averaged 198,000 per month..."


Click here to view the full Department of Labor report.

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