Posted on 09/01/2023 6:47:26 AM PDT by ChicagoConservative27
The U.S. added 187,000 jobs, and the unemployment rate rose to 3.8 percent in August, according to data released Friday by the Labor Department.
The jobs report showed the labor market plateaued in August as the Federal Reserve considers another interest rate hike. Economists expected the U.S. to have gained 170,000 jobs and maintain the July jobless rate of 3.5 percent, according to consensus estimates.
While the jobless rate rose 0.3 percentage points in August, the labor force participation rate rose 0.2 percentage points after being largely flat since March.
The Fed has hiked interest rates to their highest level in more than two decades as part of its crusade to cool off an economy overrun by inflation a year ago.
(Excerpt) Read more at thehill.com ...
....and the chocolate ration has been raised to 20 grams!.....................
The media will not report the “revised” numbers.
More here:
https://freerepublic.com/focus/f-news/4179396/posts
Meaningless numbers. Can’t count folks who aren’t on record. 😁👍
Teachers back on Payroll???????
And sure enough, the BLS A9 table confirms this.
187 Ooooo!
In about a month that figure will be revised to read “87,000 jobs”...just as been the case for the last 2+ years. And those revised figures will appear on Page B27 of the NY Times.
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