Situation SummaryNonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries changed little over the month. Health care continued to add jobs, and a decline in information employment reflected a strike. Government employment continued to trend down, despite the return of workers from a partial government shutdown in Minnesota.
Missoulian: “The change to rainy weather allowed crews on the West Riverside fire to work close to the most active northern and northeastern edges of the fire, while the water-hauling helicopters took a rest day.”
New York Times “At their meeting this month, Federal Reserve policy makers were in strong disagreement, with some advocating aggressive options to stimulate the economy and others pressing to do nothing, according to minutes released on Tuesday.”
Minutes of the Federal Open Market Committee
Employment
State and Local Governments Employ 16.6 Million Full-Time Equivalent Employees in 2010
PERSONAL INCOME AND OUTLAYS: JULY 2011
Personal income increased $42.4 billion, or 0.3 percent, and disposable personal income (DPI) increased
$32.5 billion, or 0.3 percent, in July, according to the Bureau of Economic Analysis.
NASA
From the New York Times: “Astronauts will abandon the International Space Station, probably in mid-November, if rocket engine problems that doomed a Russian cargo ship last week are not diagnosed and fixed.”
Progress Resupply Craft Lost After Launch “The ISS Progress 44 launched from the Baikonur Cosmodrome at 9 a.m. EDT (7 p.m. Kazakhstan time) August 24 on a Soyuz U rocket, bound for the International Space Station. At 5 minutes and 25 seconds into flight, the Soyuz rocket experienced a third-stage engine shutdown due to an anomaly. Given the trajectory and energy, the Progress did not reach orbit and landed in the Altai Region of Russia.”
