By Kristy Scheuble
Sept. 5 (Bloomberg) -- Following is a summary of the August employment situation from the Labor Department.
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Aug. July June May April March 3-month
2008 2008 2008 2008 2008 2008 Average
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Unemployment rate 6.1% 5.7% 5.5% 5.5% 5.0% 5.1% 5.8%
Rate (3 decimals) 6.055% 5.682% 5.505% 5.492% 4.953% 5.082% 5.747%
Avg. hourly earnings 0.4% 0.4% 0.3% 0.3% 0.1% 0.3% 0.4%
Avg. weekly hours 33.7 33.7 33.7 33.7 33.8 33.8 33.7
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Nonfarm employment -84 -60 -100 -47 -67 -88 -81
Previous estimate n/a -51 -51 -47 -67 -88 n/a
Net Revision -58
Manufacturing -61 -38 -44 -21 -52 -46 -48
Previous estimate n/a -35 -35 -21 -52 -46 n/a
Household employment -342 -72 -155 -285 362 -24 -190
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Aug. July June May April March 3-month
2008 2008 2008 2008 2008 2008 Average
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------------Monthly Change in Employment------------
Nonfarm employment -84 -60 -100 -47 -67 -88 -81
Total private -101 -66 -110 -99 -91 -103 -92
Goods-producing -57 -48 -86 -51 -109 -79 -64
Construction -8 -20 -50 -38 -59 -39 -26
Manufacturing -61 -38 -44 -21 -52 -46 -48
Service providing -27 -12 -14 4 42 -9 -18
Trade, transport -35 -39 -20 -45 -56 -27 -31
Retail trade -20 -18 -8 -24 -46 -27 -15
Information -3 -9 -5 -5 -6 -3 -6
Financial -3 -3 -13 -3 -2 0 -6
Business services -53 -17 -55 -49 17 -59 -42
Temporary help -37 -24 -36 -36 -19 -31 -32
Education, health 55 51 71 63 48 44 59
Leisure, hospitality -4 -5 0 -11 14 16 -3
Government 17 6 10 52 24 15 11
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Aug. July June May April March 3-month
2008 2008 2008 2008 2008 2008 Average
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----------------------Earnings-----------------------
Avg. hourly earnings $18.14 $18.07 $18.00 $17.95 $17.89 $17.87 $18.07
MOM% change 0.4% 0.4% 0.3% 0.3% 0.1% 0.3% 0.4%
YOY% change 3.6% 3.4% 3.4% 3.5% 3.5% 3.7% 3.5%
Avg. weekly earnings $611.32 $608.96 $606.60 $604.92 $604.68 $604.01 $608.96
MOM% change 0.4% 0.4% 0.3% 0.0% 0.1% 0.6% 0.4%
YOY% change 3.3% 3.1% 2.8% 3.2% 3.5% 3.3% 3.1%
--------------------Hours of Work--------------------
Total private 33.7 33.7 33.7 33.7 33.8 33.8 33.7
MOM% change 0.0% 0.0% 0.0% -0.3% 0.0% 0.3% 0.0%
Manufacturing 40.9 41.0 41.0 41.0 41.0 41.2 41.0
MOM% change -0.2% 0.0% 0.0% 0.0% -0.5% 0.2% -0.1%
Overtime 3.7 3.8 3.8 3.9 4.0 4.0 3.8
--------------------Aggregate Hours--------------------
Aggregate hours index 106.8 106.9 107.0 107.1 107.5 107.6 106.9
3-month annualized -1.8% -1.7% -0.9% -0.4% -0.6% -1.1% n/a
MOM% change -0.1% -0.1% -0.1% -0.4% -0.1% 0.3% -0.1%
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Aug. July June May April March 3-month
2008 2008 2008 2008 2008 2008 Average
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-----------Labor Force Status (thousands)-------------
Pool available labor 14,172 13,781 13,387 13,253 12,381 12,545 13,780
Level change 391 394 134 872 -164 392 306
Augmented Unemp. Rate 8.9% 8.6% 8.4% 8.3% 7.8% 7.9% 8.6%
Civilian labor force 154,853 154,603 154,390 154,534 153,957 153,784 154,615
Level change 250 213 -144 577 173 410 106
Participation rate 66.1% 66.1% 66.1% 66.2% 66.0% 66.0% 66.1%
Employment 145,477 145,819 145,891 146,046 146,331 145,969 145,729
Level change -342 -72 -155 -285 362 -24 -190
Employment ratio 62.1% 62.4% 62.4% 62.6% 62.7% 62.6% 62.3%
Unemployment 9,376 8,784 8,499 8,487 7,626 7,815 8,886
Level change 592 285 12 861 -189 434 296
Avg. duration (wks) 17.4 17.1 17.5 16.6 16.9 16.2 17.3
Median duration 9.2 9.7 10.0 8.3 9.3 8.1 9.6
Not in labor force 79,253 79,261 79,237 78,871 79,241 79,211 79,250
Level change -8 24 366 -370 30 -225 127
Job leavers 10.7% 9.8% 9.9% 10.3% 11.2% 10.1% 10.1%
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Aug. July June May April March 3-month
2008 2008 2008 2008 2008 2008 Average
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--------------------Diffusion Index--------------------
Private nonfarm 48.9 41.4 42.3 46.4 45.6 47.4 44.2
3-mo. average 44.2 43.4 44.8 46.5 44.8 44.7 n/a
Manufacturing 38.7 28.6 30.4 44.6 35.1 38.1 32.6
3-mo. average 32.6 34.5 36.7 39.3 33.9 35.7 n/a
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NOTE: All figures seasonally adjusted. Employment figures in thousands.
The augmented unemployment rate is the number of job wanters plus the number
unemployed divided by the labor force plus the number of job wanters.
To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net
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