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Big Increase in Jobs
This is from the BLS report. This month the payroll increase was about 200k and the household about 450k. The media spin will be toward the 'higher interest rates' meme. THE EMPLOYMENT SITUATION: JULY 2005 Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Depart- ment of Labor reported today. Over the month, payroll employment rose in many service-providing industries. Unemployment (Household Survey Data) Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July. A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent. Posted by: mhw 2005-08-05 |
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