The Bureau of Labor and Statistics (BLS) reported 142,000 Jobs created in August, below the estimates of 160,000.

There were also negative revisions to the previous months as well. This means that 20% of the Jobs originally reported, never existed.

• Average weekly hours increased from 34.2 to 34.3.
• Average weekly earnings rose 0.7%.
• Household Survey showed 168,000 job gains.
• Unemployment rate fell from 4.3% to 4.2%.

Bottom line is it’s incredibly difficult to work with numbers that are constantly revised and getting different conflicting data from independent sources.

The solution is: Watch where the dog is going not how it’s wagging it’s tail.

Rates continue their improvement leading up the the September 18th Fed Meeting.