The number of workers on U.S. payrolls outside the farm sector slid 93,000 in August, the seventh consecutive month of declines, after dropping 49,000 in July. The number was far worse than the increase of 12,000 expected by economists.
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The unemployment rate fell, but only to 6.1 percent from 6.2 percent in the previous month. Analysts had expected the unemployment rate to hold steady at 6.2 percent.
In August, nearly 1.7 million persons...were marginally attached to the labor force, 209,000 higher than a year earlier. These individuals wanted and were available to work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed, however, because they did not actively search for work in the 4 weeks preceding the survey. Of the 1.7 million, 503,000 were discouraged workers--persons who were not currently looking for work specifically because they believed no jobs were available for them. The number of discouraged workers has risen by 125,000 over the year.
June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 April 2007
Best New Blog finalist - 2003 Koufax Awards
A non-violent, counter-dominant, left-liberal, possibly charismatic, quasi anarcho-libertarian Quaker's take on politics, volleyball, and other esoterica.
Lo alecha ha-m'lacha ligmor, v'lo atah ben chorin l'hibateyl mimenah.
Cairo wonders when I'll be fair
and balanced and go throw sticks...