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August Jobs Report Highlights

Posted by Michelle Torres on September 7, 2007 8:18 AM

4,000 jobs were LOST in August versus expectations of a 100,000-120,000 gain

Unemployment rate remained steady at 4.6%

Average hourly earnings rose by $0.05 to $17.50 per hour – a 0.3% rise

July payrolls were revised to 68,000 versus 92,000 originally estimated


Mike Zarembski, Senior Commodity Analyst