That is not a typo: last month, according to the Bureau of Labor Statistics, the economy added just 38,000 jobs to public- and private-sector, non-farm payrolls. That's considerably lower than economists estimated before this morning's release of the monthly The Employment Situation Summary; economists polled by Reuters predicted the addition of 162,000 jobs.
The monthly Employment Situation Summary, released this morning by the Bureau of Labor Statistics, showed the addition of 151,000 jobs to public and private, non-farm payrolls, and an unemployment rate of 4.9 percent, the lowest in eight years. Prior to the release, economists were predicting the addition of 190,000 jobs. In a mixed report, however, the real good news is wage growth.
After Wednesday's National Employment Report from ADP exceeded expectations by more than 60,000 jobs, it would have been disappointing if this morning's report from the Labor Department showed numbers that were merely in line with economists' predictions. Never fear: while economists polled by Reuters were looking for the addition of 195,000 jobs to nonfarm payrolls, the Employment Situation Summary reflected a blockbuster 292,000 added jobs. In addition, the previous two month's numbers were revised upward by a combined 50,000 jobs.
You might think that jobs involving training animals, working on highways, or fighting crime might be the most dangerous of all, but it's not true. A recent Forbes article sifted through 2014 data just released from the U.S. Bureau of Labor Statistics. It ranked the top jobs in America for job-related fatalities per 100,000 full-time equivalent workers. Here's a breakdown of the five most dangerous jobs you may or may not want to work.
For the second month in a row, the Employment Situation Summary came in under analysts' expectations. Prior to this morning's report from the labor department, economists polled by Reuters had predicted gains of 203,000 jobs in September. In addition, the Bureau of Labor Statistics revised last month's numbers downward to reflect 136,000 jobs added for August, instead of the 173,000 originally reported.
Job growth slowed slightly last month, and the labor force shrank by 432,000 workers, offsetting similarly sized gains in May, according to this morning's Employment Situation Summary. In addition, the Bureau of Labor Statistics revised April and May's reports downward by 60,000 jobs.
This morning's Employment Situation Summary from the labor department exceeded economists' predictions and showed an increase in average hourly earnings as well. The economy added 280,000 jobs last month, more than the 225,000 predicted by economists, and the unemployment rate was essentially unchanged at 5.5 percent (compared with 5.4 percent for the previous month). In addition, March and April's reports were revised upward by a combined 32,000 jobs.
Ahead of this morning's report from the Labor Department, economists were predicting a slight slowing of job growth: 230,000 jobs added and an unchanged unemployment rate. Instead, the Employment Situation Summary showed an addition of 257,000 jobs, a slightly higher unemployment rate of 5.7 percent, and a solid increase in average hourly earnings of 12 cents. In addition, November and December's reports were revised upward for a combined total of 147,000 additional jobs, above what was reported.