- Ballestas Group
Healthy Jobs Report
The week began unstable after it became known that job offers for July were 11,239 thousand, above what was expected and the record for the previous month. Also, the ISM manufacturing for August was 52.8 points, above the expected 51.9 points. Unemployment increased in August by 344,000 people to six million, which raised the unemployment rate two tenths to 3.7%, according to data published this Friday by the Bureau of Labor Statistics. Job creation slowed in August, with 315,000 new jobs compared to half a million in July. July data was revised down slightly to show an increase of 526,000 jobs, rather than the previously reported 528,000.