09/04/2026
Here's my critiqu of today's BLS (Bureau of Labor Statistics) Jobs Numbers
1. 162,000 non-farm jobs were created in in August.
2. 13.1 million (-400,000 versus last month) = 7 mil. (+100,000 versus last mont) Unemployed + 4.4 mil. (-400,000 versus last month) Involuntarily working part-time + 1.7 mil (-100,000 versus last month) are not even counted = 13.1 million workers (-400,000 versus last month) who are either unemployed or underemployed!
3. The broad measure of unemployment and underemployment (also known as U6) that includes Americans stuck in part-time jobs or too discouraged to look for work is at 7.9% = about 1 in 13 persons you meet!
4. BLS said that the National Unemployment rate stayed the same in August at 4.1%
5. Illinois unemployment fell .2% to 4.9% in July (latest figures).
6. The labor participation rose .2% to 61.6%.
7. Average hourly earnings Gained 10 cents to $37.75 in August.
8. The average work week rose .1 hours to 34.4 hours in August.
9. The JOB GAINS were in a) Health care ONLY adding 13,000 jobs, BELOW the pace of the pace of the last 12 months of 32,000 jobs created per month b) Food & Drinking Places added 59,000 new jobs c) Local Government Education added 42,000 new jobs d) Manufacturingcontinued its upward pace and added 16,000 new jobs and e) Construction added 22,000 jobs.
10. The sector with the biggest losses was Information, which lost 23,000 jobs in August!