Overall Job Report Statistics
I pulled some September stats out of an article on CNNMoney called Job Loss Erased, But Danger Lurks by Chris Isidore
- US Payrolls posted a net gain of 110,000 workers in September of ’07
- Labor Department now estimates that August had a gain of 89,000 jobs. Originally thought to have lost 4,000 compared to July
- July was also revised higher by 25,000 jobs
- Most of the revisions were from government staffing levels
- Schools came back into session
- Private sector still weak
- Likely to weigh on economy
- Unemployment rate rose to 4.7% in September from 4.6% in August
- Six month moving average dropped below 100,000 to 94,000 gains in jobs
- This signifies a weak job economy
Job Losses in September
- Manufacturing – 18,000
- Auto Plants/ Auto Parts – 1,700
- Construction – 14,000
- Mortgage Lenders – 12,000
- Real Estate – 2,000
- Building Material/ Building Supply – 16,700
- 5,000 overall drop in retail
Other items worth noting
- Hourly wages rose 7 cents to $17.57
- Wages are up 4.1% over last year
Revision: The job report was later revised to 93,000 jobs added in September. No further information was given about the sectors.
Working Thoughts 