The Market Ticker - Employment For August
+130k the Screamer belched forth…
Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs.
Ah, the old health care scam again… gotcha.
So what do we really have here?
All-in, not a bad report. On an annualized basis it’s materially over the workforce add rate, which is good. The bad news is that as we’ve seen over the last 10+ years the…….
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Source: https://www.market-ticker.org/akcs-www?post=236766
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