Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 07, 2012 14:46:50

U.S. - economy as a whole has created only 96,000 new jobs, far below estimates, the rate dropped to 8.1%

According to the U.S. Department of Labor statistics, the local economy as a whole in August created only 96,000 new jobs compared to 141,000 in July. Market for August was estimated on average create 130,000 jobs in the overall estimates range from 70 to 185 000th

The unemployment rate decreased significantly when from July's 8.3% came unexpectedly to 8.1%. Market counted with zero change in this regard. The decrease is primarily the elimination rate of 368,000 Americans from the working class.

The private sector created according to a government report in August 103 000 162 places compared to July's 000th Market data expected around 142 000th
The manufacturing sector has reduced stocks of 15,000 jobs compared with an estimated growth rate of 10 000 In July, the manufacturing sector created 23,000 new jobs. The automotive sector has reduced stocks of 7500 seats.
Service sector created 119,000 jobs, construction added 1,000 retail and 6,100 new jobs.
The state sector reduced states of 7,000 seats. Number of part-time workers fell by 5 000

Average hourly wages stagnated or mom grew by 1.7% year on year.

The proportion of workers in the total population decreased from 63.7 to 63.5%, which is the least since September 1981.

In 1Q monthly job growth averaged 226,000 jobs, the average in 2Q to 73 smrsknul 000th
USA took 3 years to erase about half of the loss of 8.8 million jobs, the economy lost during the 18-month recession in 2008-9.
Unemployment rate is above the 8% continuously since February 2009, the longest since the beginning of monitoring data in 1948.

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