Weekly Jobless Claims Fall, Private Sector Jobs Rise, Service Sector Unexpectedly Picks Up #BlameObama

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Yes, Fox Biz sent me this email, and yes, I believe them. I'm not sure why, but I do:

The Labor Department reports the number of Americans filing for first-time unemployment benefits fell to 323,000 last week from an upwardly revised 332,000 the week prior. Economists expected claims to fall to 330,000 from an initially reported 331,000.

The private sector added 176,000 jobs in August, according to a report from payroll processor ADP. The number missed expectations of 180,000.

The Institute for Supply Management’s gauge of non-manufacturing activity in August came in at 58.6 from 56 the month prior. Economists expected a reading of 55. The new orders component was the highest since February 2011.

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  • Joy Sayler

    So true!