US DATA: Aug employ rept was modest. Aug NFP +169k but Jul-Jun rev - TopicsExpress



          

US DATA: Aug employ rept was modest. Aug NFP +169k but Jul-Jun rev down -74k, and 0.1pt dip in unemploy rate to a still high 7.3% reflected drop in labor force and less participation. NFP was a deceleration from +184k avg gain in last yr. Hours rose & earnings rebounded, suggesting higher IP and income ahead. Payroll composition remained skewed towards lesser jobs: mfg +14k, construction flat, finance -5k, but retail +44k, restaurants +22.2k, health +32.7k, temp +43k. Govt was +17k as local ed was +20.1k. . Payrolls/Prior PvtAHE AggHrs Indx UnemplyRate (unrounded) Aug +169k +5c 105.8 7.3% (7.2778%) Jul +104k/+162k 105.7r 7.4% (7.3903%) Jun +172k/+188k 105.9 7.6% (7.5573%)
Posted on: Fri, 06 Sep 2013 14:56:12 +0000

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