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Zero Jobs Added in August

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  • Description

    FBN's Peter Barnes with the news that zero jobs were added in August.

  • Duration 2:02
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-- The unemployment rate remained steady at nine point 1% in August but nonfarm employers added.

No jobs in August zero jobs and there were big downward revisions and the June and July numbers know a lot of cross currents that work in this August report the Labor Department said that the Verizon strike last month.

Cut information industry payrolls by 45000.

Jobs temporarily but then.

A bunch of government workers in Wisconsin came back to work 22000 of them after the our government.

-- shut down there.

But even with those one time factors nonfarm payrolls came in significantly below expectations.

Now those revisions in June and July employers added 5858000.

58000.

Fewer workers -- previously reported just 20000 workers hired in June 26000.

Fewer than previously reported.

And just 85000 workers in July 32000.

Less than previously reported people employed.

Part time for economic reasons jumped by 400000.

And August from eight point four million to eight point eight million that's the biggest increase since.

February of 2009.

Sectors that added jobs last month private education and health -- up 34000.

Professional and business services up 28000.

Food services and accommodations up 111500.

Sectors that lost jobs information services down 48000 including those 45000 Verizon workers retailers got about 8000 jobs government.

Cut about 171000.

Even with those 22000.

Wisconsin workers coming back to work average weekly hours were down 110 of a percentage point to 34 point two average hourly warnings were down there are average hourly earnings were down three cents an hour.

To 43 dollars and nine cents Connell.

Peter not get Peter Barnes there.

Live from -- Labor Department you stay with this is the market sells off down triple digits as you'd expect on the Dow with not a single job be added to nonfarm payrolls.

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