The Bureau of Labor Statistics (BLS) today released the Employment Situation Report for August 2010. This report showed a loss of (54,000) in the Establishment Survey (the survey of businesses), with a gain of 60,000 ex-census. Private sector employment increased by 67,000 for the month (and 763,000 for the year). The Household Survey (the survey of 60,000 households) showed a gain of 290,000 jobs, which lead to an unemployment rate (U-3) of 9.6%% and the more inclusive measure of unemployment (U-6) remained at 16.7%. The labor force grew by 550,000 (a good thing even if it pressures the unemployment rate) and the participation rate was 64.7%. Revisions to previous months took June to (175,000, and improvement of 46,000) , and July to (54,000, and improvement of 77,000). The employment-population ration was reported at 58.5, which is still at very low levels.
Also, the birth/death adjustment came in at +115,000 this month.
The unadjusted numbers were +70,000 for the Establishment Survey and (215,000) for the Household Survey.
The report can be found here.