August jobs report: U.S. payrolls grew by 315,000 last month

[progree]

18. Labor Force: +768,000. Employed: +442,000, Unemployed: +344,000

From the Household Survey that produces these numbers (in the subject line) and more famously the unemployment rate and the labor force participation rate.

WaPo: The unemployment rate ticked up slightly to 3.7 percent, according to a monthly jobs report released by the Bureau of Labor Statistics on Friday, with 344,000 more people unemployed than the previous month.

The officially unemployed in BLS-world are jobless people who sought work in the last 4 weeks. What economists generally say, so I says, is that the big jump in the labor force indicates that a lot of the jobless people resumed their job searches in August.

That's good, because in the 4 months thru July, the Employed dropped by 168,000 and the Labor Force dropped by 449,000.

So I'm delighted to see a big increase in both (Employed: +442,000, Labor Force: +768,000) in August.

Little known factoid: Labor Force = Employed + Unemployed

Unemployment rate = Unemployed / Labor Force

The below article is dated 9/1/22, before today's jobs report:

Why You Can't Trust Friday's Jobs Report, And What It Means For The S&P 500, Jed Graham, Investor's Business Daily, 9/1/22 (no paywall)
https://www.investors.com/news/economy/jobs-report-why-you-cant-trust-it-and-what-friday-data-means-for-sp500/?src=A00220

NONFARM PAYROLL JOBS (Establishment Survey and headline jobs number): https://data.bls.gov/timeseries/CES0000000001
monthly increases: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

EMPLOYED (Household Survey): http://data.bls.gov/timeseries/LNS12000000
monthly increases: http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth

LABOR FORCE (Household Survey): http://data.bls.gov/timeseries/LNS11000000
monthly increases: http://data.bls.gov/timeseries/LNS11000000?output_view=net_1mth