Payrolls in the US fell by -216K in August compared to a revised decline of -276K in July, and a consensus forecast of -200K. The unemployment rate for the month increased to 9.7% versus 9.4% a month prior, and a consensus forecast of 9.5%. The decline in payrolls continue to moderate, but an increase in […]
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Unemployment Rate
Payrolls in the US fell by -247,000 in July, with the unemployment rate moving to 9.4% from 9.5%. This compares to last month’s revised change of -443K, and a consensus forecast of -300K. This number exceeds both the streets and my own expectations. The drop in the unemployment rate was caused by a reported decrease […]