New Jobs Report Falls Short

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I think it’s too early to read much into one month’s job reports, and what affects Bay Area pricing is more related to job losses caused by the big employers here.

 

From DS News

Employment Growth Falls Well Short of Expectations for August

Employment growth in the United States took a sharp downturn in August, according to government figures released Friday.

The Bureau of Labor Statistics reported an increase 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown in employment snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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- Sunil Sethi

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