Job Creation in August to Be Nil?
The guessing about the August jobs numbers will be amplified as Friday’s announcement approaches. Some analysts believe that the figures will prove that the U.S. rate of GDP growth has moved to near zero. Others argue that a very weak report will…
The August report is the first time in a long while that job creation may be nil. The most recent month the economy lost jobs was in September 2010 when the deficit was 27,000. Since then, there have been seven months in which the increase was less than 100,000. Three of those were this year. Few if any analysts forecast a net loss of jobs for August. But, based on a range of data from PMI to consumer confidence, it would not be a shock.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
