By Kevin Flanagan
Well, the 50th anniversary of the original Woodstock has come and gone, but the August jobs report contained a trend not seen since 1969. Here are some quick takeaways:
- On the surface, the jobs report was a modest disappointment because total nonfarm payrolls rose by 130,000, which was about 30,000 below consensus. However, this aspect of the report "masked" some other positive developments, such as wages, the unemployment rate and hours worked. Overall, it was a mixed report.
- The other measure of jobs, civilian employment, actually surged by 590,000, but this part