Education remains a job search differentiator in August… Source: BLS
A Snapshot of Metropolitan Unemployment Figures Source: BLS
United States Consumer Price Index percentage changes Source: DismalScientist.com
A comparison between United States recessions and recoveries: nonfarm payroll job changes Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates. Source: Economix.Blogs.NYTimes.com
In summary Job growth stalls, unemployment rate remains the same… Opportunities
The unemployment rate remained unchanged at 9.1%.
The healthcare industry continued to hire; employment within the industry rose by 30,000 in August.
The mining industry continued to hire as well while adding 6,000 new jobs in August alone.
The government reported a monthly net job change of zero for the first time since 1945.
13.9 million Americans are currently unemployed – 42.9 percent of such individuals have been without work for more than six months.
The nation’s Civilian Labor Force Participation Rate remains low; it is currently 64%.