August Nonfarm Payrolls Unchanged; Private Payrolls Up 17.000; Unemployment Rate At 9.1%

(For August 2011)

Nonfarm payrolls were unchanged in August; Consensus was at 60.000; July reading was an increase of 85.000 (revised down 32.000). The unemployment was reported at 9.1% vs. prior reading and consensus of 9.1%.

Private payrolls were up 17.000 vs. 95.000 consensus and 156.000 reading in July (revised up 2.000).

Large negative surprise and a confirmation of economic slowdown.

Average weekly hours worked for private employees unchanged at 34.3.

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This entry was posted on Friday, September 2nd, 2011 at 6:47 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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