August Nonfarm Payrolls Reported At -54.000; Unemployment Rate At 9.6%

Nonfarm payrolls fell 54.000 in August. The consensus was at -105.000, revised reading for June was a decrease of 54.000. The unemployment was reported at 9.6% vs prior reading of 9.5% and consensus of 9.6%.

Average weekly hours worked for private employees rose 0.3% to 34.2.

Positive surprise.

Chart 1. Nonfarm Payrolls & Unemployment Rate

Source: BLS

Chart 2. US Average Weekly Hours All Employees

Source: BLS

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This entry was posted on Friday, September 3rd, 2010 at 6:45 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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