Given the President’s demeanor during his acceptance speech at the DNC last night, which seemed a little drained and down to us, we suspected the employment numbers would disappoint this morning. He had a heads up on this morning’s punk data and seemed a little drained and down to us.
What do you think? Should we start a newsletter about reading the body posture of government officials before data releases? Just pullin’ your Markov chain!
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.
Note, after losing almost 2 million jobs during the Great Recession, hiring in the construction sector just can’t seem to gain any traction.
(click here if charts are not observable)