August Payrolls Grew by 144,000

Newman, Emily
September 2004
Bond Buyer;9/7/2004, Vol. 349 Issue 31963, p2
Trade Publication
Showing few adverse effects from Hurricane Charley so far, non-farm payrolls rose by 144,000 and the unemployment rate dropped to 5.4% in August, according to data released by the U.S. Labor Departments Bureau or Labor Statistics on Friday. Labor officials said that the consequences of Hurricane Charley, which struck Florida in mid-August, have yet to be reflected in the employment numbers. The increase in payrolls followed July's upwardly revised 73,000 pay roll hike, originally reported as a 32,000 gain. IFR BondData America's poll of economists had predicted the August payroll level would rise by 125,000.


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