Under the lens-audio_slides-08-15-11

JOBS – GROWTH CYCLE

This chart is from the discussion recordedAugust 12th, 2011

NON FARM PAYROLLS REPORT

• US Payrolls +117,000• US Unemployment Rate -.1 to 9.1%, Participation Rate -.2 to 63.9% accounting for drop in unemployment.• Actual number of Employed (by Household Survey) fell by 38,000• Unemployment rose by 156,000

• Those dropping out of the labor force rose by 374,000• Civilian population rose by 182,000, Labor Force declined by 193,000

• Average Weekly Workweek was unchanged at 34.3 hours

• Average Private Hourly Earnings Increased by 10 Cents• Government employment decreased by 37,000 - a genuine bright-spot

Were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.








NON FARM PAYROLLS REPORTI


FOOD STAMP PROGRAM




JOBLESS RECOVERY


JOBLESS RECOVERY


CONFIDENCE & SENTIMENT








GROWTH


GROWTH


Entertainment & Humor

Under the lens-audio_slides-08-15-11