THE BASIS POINT

Still Issues but Better BLS.

 

BLS Employment Situation Report (September 2014)

– Nonfarm Jobs month/month +248,000. Previous revised up from 142,000 to 180,000

– Unemployment Rate  5.9%. Previous was 6.1%.

– Labor Participation Rate 62.7. Previous was 62.8

– Labor Force -97,000

– Average Hourly Wage was $24.53.  Down for 2nd consecutive month

– Average Workweek 34.6 hours up from 34.5 hours

– People Working Part time for Economic Reasons -174,000

 

Trade Deficit (August 2014)

– Trade Deficit $40.1 billion. Previous was $40.3 billion

 

PMI Services Index (September 2014)

– Index Level 58.9. Previous was 58.7

 

ISM Non-Manufacturing Index (September 2014)

– Composite Index 58.6. Previous was 59.6.

 

 

 

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