dubya@lemmy.world to Economics@lemmy.world · 2 months agoTotal nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today.www.bls.govexternal-linkmessage-square4fedilinkarrow-up18arrow-down10 cross-posted to: politics@lemmy.worldeconomics@lemmy.worldNeoliberal@kbin.socialeconomics@lemmy.ml
arrow-up18arrow-down1external-linkTotal nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today.www.bls.govdubya@lemmy.world to Economics@lemmy.world · 2 months agomessage-square4fedilink cross-posted to: politics@lemmy.worldeconomics@lemmy.worldNeoliberal@kbin.socialeconomics@lemmy.ml
minus-squaresj_zero@lotide.fbxl.netlinkfedilinkarrow-up3·2 months agoThe job numbers have been revised in a downward direction pretty consistently[1]. The year over year numbers from the BLS were revised massively downwards a few weeks ago, by 800,000 jobs.[2] [1] https://www.msn.com/en-us/money/careers/the-biden-admin-has-overcounted-new-jobs-almost-every-single-month-this-year/ar-AA1jlasf [2] https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html
minus-squaredubya@lemmy.worldOPlinkfedilinkarrow-up2·2 months agoAh I see, I’m confusing unemployment rate with the jobs top line figure. Thank you.
The job numbers have been revised in a downward direction pretty consistently[1]. The year over year numbers from the BLS were revised massively downwards a few weeks ago, by 800,000 jobs.[2]
[1] https://www.msn.com/en-us/money/careers/the-biden-admin-has-overcounted-new-jobs-almost-every-single-month-this-year/ar-AA1jlasf
[2] https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html
Ah I see, I’m confusing unemployment rate with the jobs top line figure. Thank you.