The U.S.Bureau of Labor Statistics (BLS) released the August unemployment numbers today. The BLS Commissioner says: “Nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Employment growth has averaged 176,000 per month thus far this year, about in line with the average monthly gain of 187,000 in 2016.”
Actual employment in July was 146,330,000 and 146,541,000 in August for a net gain of 211,000 even though according to the Commissioner it was 156,000 on a “Seasonally Adjusted” basis.
- Adjusted U-3 Unemployment was 4.4% up from 4.3% in July.
- Unadjusted U-3 Unemployment was 4.5% down from 4.6% in July.
- Employment Increase 156,000 on a “Seasonally Adjusted” or 211,000 non-adjusted.
- U-6 Unemployment was 8.6% down from 8.9% in July.
August Employment Gain and Loss Bubbles
In the following chart from the BLS we can see [Read more…] about August Unemployment Numbers