Unexpected! August Jobs Report Misses Forecast by Only 88,000

Posted by on Sep 05, 2014 at 8:47 am

Can’t wait for Obama’s victory lap.

The August jobs report was a big miss.

Nonfarm payrolls grew by 142,000 in August, and the unemployment rate fell to 6.1%, according to the latest release from the BLS.

Expectations were for nonfarm payrolls to grow by 230,000, though the unemployment rate falling to 6.1% from 6.2% was in-line with expectations.

Wage growth was in-line with expectations, as wages grew 2.1% year-over-year, and 0.2% month-over-month.

Time to party, yo!

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One Response to “Unexpected! August Jobs Report Misses Forecast by Only 88,000”

  1. Recovery Summer Version 4.0 on 5/05/14 at 11:15 am

    DOH! It must’ve been too hot since the glorious 0% first quarter growth rate was caused by that globull warming comrade.