THE BASIS POINT

Weak BLS Employment Situation Report

 

BLS Employment Situation Reports (September 2015)

– Nonfarm Payrolls month/month  +142,000. Previous revised from +173,000 to +136,000
– Unemployment Rate  5.1%. Same as previous
– Private Payrolls month/month 140,000  118,000. Previous was revised from  +140,000 to +100,000
– Participation Rate    62.4 . Previous was 62.6%
– Average Hourly Earnings month/month +0.0%. Previous was +0.4%
– Average Workweek – All Employees  34.5 hours. Previous was 34.6

This is much weaker than expected.

 

Factory Orders (August 2015)

– Factory Orders month/month  -1.7%. Previous was +0.2%.

 

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