You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Home Front Economy
RoveAlert! Jobless Rate Dips in August
2006-09-01
Hiring perked up in August as employers added 128,000 jobs, pulling down the unemployment rate to 4.7 percent, sending a Labor Day message that the economic expansion still has staying power.
The latest snapshot, released by the Labor Department Friday, was a bit brighter than expected and should ease any fears that the expansion that began in late 2001 is not in danger of fizzling out.

The tally of new jobs last month was slightly stronger than the 125,000 that economists were forecasting. The nation's unemployment rate dropped down a notch from a five-month high of 4.8 percent in July. Job gains for June and July also turned out to be better than previously estimated. In June, employers boosted payrolls by 134,000 positions and in July they added another 121,000.

The report comes as the nation's work force gets ready to the Labor Day holiday and as the election season looms.

Economic conditions _ especially those where people live and work _ are likely to be on voters' minds when they go to the polls in November.

ya think? Now if we can just get the news out past the MSM filters...
Posted by:Frank G

#6  Seafarious, N Guard, congratulations to you both!
Posted by: trailing wife   2006-09-01 20:37  

#5  Same here-- new job smell on the brain. The boss can barely stand my enthusiasm. But he does like the productiviy.

And the customers seem to like a friendly new face.
Posted by: N guard   2006-09-01 20:12  

#4  Still has that "new job smell", lol. Someone hand me a shammy, I just smudged my screen.
Posted by: Seafarious   2006-09-01 11:28  

#3  Hey, I'm test driving my shiny new job this month, so there.
Posted by: Seafarious   2006-09-01 11:27  

#2  
  • 144,579,000 people were employed. A record number.

  • The unemployment rate was 4.7%. For any month prior to October 1997, that would have been a record low.

  • The black unemployment rate was 8.8%. For every month prior to June of 1998, that would have been a record low rate.
  • The Hispanic unemployment rate was 5.3%. There have only been two months when the rate was lower, May 2006 and October 2000.

  • The number of people unemployed for 27 weeks or more remained in the range it has been in for several months. The number remains well below any of the peaks since 1968 and within the trend for the period when compared to the population increase for that period.


Graphs will post after 1 pm on my site.
Posted by: Chuck Simmins   2006-09-01 11:21  

#1  And the price of gasoline is headed down, though not quickly enough to help the Pubs on election day.
Posted by: Steve White   2006-09-01 11:16  

00:00