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August 2015 Jobs Growth Slows

By
Mortgage and Lending with Blue Ridge Bank Mortgage NMLS # 78989

August 2015 jobs payrolls numbersThe Bureau of Labor Statistics reported on Friday that U.S. employers added 173,000 new workers in August. This was below the 217,000 expected and below the 245,000 revision recorded in July. It was the lowest number of new workers since March and the second lowest in the past 19 months.

Within the report it showed that the Unemployment Rate fell to 5.1%, lowest since March 2008.

Now the market is waiting to see if the Fed will raise their Federal Funds rate this month.

Posted by

Russell Smith - Your Mortgage Lending Expert

NMLS # 78989

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

and this of course doesn't count the people who aren't even looking for a job- the chronically unemployed.

Sep 04, 2015 08:27 PM