Free Markets, Free People

Economic Statistics for 2 Sep 16

A lackluster 151,000 net new jobs were created in August, while the Unemployment Rate was unchanged at 4.9%. The labor force participation rate was unchanged at 62.8%. Average hourly earnings rose 0.1%, but the average workweek fell -0.2 hours to 34.3 hours.

A rise in exports lowered the July trade deficit to $-39.5 billion, down from $-44.5 billion in June.

After monthly declines of -1.2% and -1.8%, factory orders rose 1.9% in July, with core capital goods orders up 1.5%.

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