Tuesday, September 2, 2014

Jobs Forecast for September 5

Chart of BLS data on non-farm payroll jobs since 2008 by Dan Diamond.
Friday's BLS report on August jobs is expected to come in at another increase of approximately 220K jobs.

This would be the 7th month of 200K+ job increases.

The jobs increase has dropped the unemployment rate by 1.1 percentage points, to 6.2 percent in July.

The next month, October 3, jobs report may be more significant as post-Labor-Day hiring will be reflected.

As the chart at left shows, the United States has gained 9.2 million jobs since the low point of the recession in 2010.

As of the last BLS report, total non-farm U.S. payroll jobs exceeded 139 million.