Breaking down the weak August jobs report

Breaking down the weak August jobs report

9/10/2012 2:02:00 PM by Adam Rombel

On Friday Sept. 7, the U.S. Bureau of Labor Statistics reported that U.S. employers added 96,000 jobs in August, far short of economists’ expectations.

The unemployment rate actually dipped to 8.1 percent in August from 8.3 percent in July, but that was only because 368,000 people dropped out of the work force and were not counted in the unemployment-rate calculation.

In this video report, I look deeper behind the numbers of the August employment report.

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	Preferred Mutual Insurance hires director of commercial lines by Journal Staff
	NEW BERLIN — Dan Stedman joined Preferred Mutual Insurance Co. as director of commercial lines this week. Stedman brings the insurance firm more than 30 years of commercial-lines underwriting experience and more than 20 years in leadership with a national/regional carrier, the company says.

	Chemung Financial shareholders re-elect directors by Journal Staff
	ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), the holding company of Chemung Canal Trust Company and CFS Group, Inc., announced last week that its shareholders have re-elected four members to the company’s board of directors.

	Oneida Nation agrees to pay the state casino revenue in return for exclusivity by Eric Reinhardt
	New York Gov. Andrew Cuomo today announced an agreement between the state and the Oneida Indian Nation that will have the Nation paying the state an estimated $50 million a year in Turning Stone Resort & Casino revenue in return for a guarantee that no other casinos are built in Central New York.

	NY unemployment rate drops to lowest level since March 2009 by Eric Reinhardt
	New York’s unemployment rate fell to 7.8 percent in April from 8.2 percent in March, hitting its lowest level since March 2009. That’s according to preliminary figures the New York State Department of Labor released today.

	Integrative Experience to formally open new MV location by Maria Carbonaro
	YORKVILLE — Integrative Experience, LLC, a personal training and nutrition-counseling business that first opened in January 2012, will formally unveil its new location in Yorkville on Friday.

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Breaking down the weak August jobs report

Preferred Mutual Insurance hires director of commercial lines

Chemung Financial shareholders re-elect directors

Oneida Nation agrees to pay the state casino revenue in return for exclusivity

NY unemployment rate drops to lowest level since March 2009

Integrative Experience to formally open new MV location

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