No. 554: August Employment and Unemployment, M3

(SGS Subscription required) • August Labor Conditions Showed a Deteriorating
• Instead of Being Matched Happily with Rising Employment, Falling Unemployment Reflected a Shrinking Labor Force with Declining Employment
• Payroll Boost of 169,000 was 95,000 Net of Revisions
• August Unemployment: 7.3% (U.3), 13.7% (U.6), 23.3% (ShadowStats)
• Annual M3 Growth Slowed Markedly in August

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