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BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
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[quote:Anonymous Coward 14660099:MV8xODU3NjE4XzMwOTc2MDExXzRGREFFNzVC] The unemployment rate will fall steadily until election day. [/quote]
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BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%! UPDATE:
It's a miss!
Just 115K new jobs.
That's well below the 160K that was expected.
But unemployment rate fell from 8.2% to 8.1% and last month was revised from a gain of 121K to 166K.
Other key numbers:
The underemployment rate has stayed flat at 14.5%
No improvement in weekly hours.
Average hourly earnings grew 0.2% month over month.
Markets have ticked lower on the news...
Read more: [
link to www.businessinsider.com
]
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