August Nonfarm Payrolls Fall 54,000; Unemployment Rate Hovers At 9.6%

Nonfarm payrolls fell by 54,000 in August and private nonfarm payrolls increased by 67,000 as the federal government continued to shed Census workers, the Labor Department reported today. The unemployment rate was unchanged at 9.6% after Labor upwardly revised its July estimate by 0.1% from an originally reported 9.5%.

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Payrolls for federal government Census workers fell by 114,000 and total government employment fell by 121,000 for the month.

Economists expected total nonfarm payrolls to decrease by 131,000 -- matching the originally reported figure for July. Labor downwardly revised that figure to a 54,000 decline.


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