Report on the labor market in the U.S. in August....

Report on the U.S. labor market in August should not be considered a sign of change in the American economy. Data on employment were, at first glance, better than expectations, but not so strong to become the basis for the revision of the forecast of weak economic growth and maintaining public support. Employment outside of agriculture has declined in August to 54,000 jobs, but the figure for June-July as a whole has been revised upward to 123,000. Private sector employment increased by 67,000 jobs, the number of employees hired for the census, decreased by 114,000, the number of jobs in government agencies, state and local government agencies fell by 10,000. By changing the components of employment outside of agriculture was as follows: manufacturing -27,000 (mainly in the automotive industry, the first decline since December, due, however, the influence of seasonal factors), the construction of 19 000, the retail sector -4,900 , finance -4000, leisure 13.000, 16 800 temporary employment, health +28 200. The unemployment rate rose by 0.1% to 9.6%, however, participation in the labor force increased by 0.1% to 64.7%. Average hourly wages in the private sector grew by 2.1% in annual terms, the working week has also increased, reflecting revenue growth and productivity. According to the Bureau of Labor Statistics, the number of workers hired for the census, is now only 82 000. Thus, the report points to the extremely slow growth of employment in the private sector, which are unlikely to alter expectations.

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