The underlying details of the employment report were mixed. The positives: the upward revisions to the June and July reports, a slight increase in hours worked for manufacturing employees (flat for all employees), an increase in hourly wages, and the decrease in the long term unemployed. Other positives include the slight increase in the employment-population ratio and the participation rate.
The negatives include the hiring of only 60,000 ex-Census, the increase in the unemployment rate (including U-6), and the increase in part time workers for economic reasons.
Overall this was a weak report and is consistent with a sluggish recovery.
Enlace: http://ftalphaville.ft.com/blog/2010/09/03/334061/final-thoughts-on-the-payroll-numbers/
Fuente: Calculated Risk, FT, Economix
No hay comentarios:
Publicar un comentario