Here is the August 2012 employment situation report from the BLS: http://www.bls.gov/news.release/pdf/empsit.pdf
- The unemployment rate fell to 8.1%. Non-farm employers added only 96,000 new jobs. 141,000 jobs were added in July. This was revised downward from 163,000 jobs created in the July report. The June jobs report was also revised downward. The original report claimed 64,000 jobs were created; the number dropped to 45,000 new jobs. For 2012, the economy has averaged about 139,000 new jobs per month. In 2011, the economy added 153,000 jobs per month.
- The number of unemployed persons fell to 12.5 million.
- The civilian labor force participation rate also dropped to 63.5% from 63.7% in July.
- The "Not in labor force" (those who have no job and have stopped looking for work) jumped 581,000 from 88,340,000 to 88,921,000.
Share your thoughts, feelings, and analysis below.