Economic Update & Jobs Report- August ’17

Aug update cover.JPG

Here it is again. It may be a little late- what can I say, a 40 person family reunion and my first wedding anniversary took precedence this month! But, as the saying goes, better late than never.

Keeping an eye on the economy can be a daunting task. Something that helps me to understand month-over-month trends is the monthly Economic Update and Jobs Report.

I’ve attached a quick and easy to understand review of August’s report here: Economic Update (August 2017)

Below are some highlights as well.

August’s Economic Update:

  • Q2 2017 GDP:                                2.6%
  • Unemployment Rate:                 4.3%  (decreased 0.1%)**
  • Nonfarm Payroll:                         +209,000 Jobs

**The new unemployment rate tied the lowest unemployment rate in 16 years!

Nonfarm Payroll Revisions:

  • May was revised down from +152,000 to +145,000
  • June was revised up from +222,000 to +231,000

Combined these revisions were 2,000 more than previously reported.

Over the past 3 months, job gains have averaged 195,000 per month.

I hope this helps!

-D


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