Question: From bls.gov:https://www.bls.gov/news.release/empsit.toc.htm , Read the summary, but for data all you need is in Tables A and B, use establishment survey B, seasonally adjusted data.

From bls.gov:https://www.bls.gov/news.release/empsit.toc.htm, Read the summary, but for data all you need is in Tables A and B, use "establishment survey" B, seasonally adjusted data. Check what the units are for your discussion below. Make sure you go there after 8:30am on Friday, otherwise you will get older data)

September 2021 employment report:

(number the answers please)

  1. What was the total number of non-farm jobs added (Table B), where were there significant gains/losses? Any distortions due to special factors, etc.
  2. What happened to the labor force, and the number of unemployed, and the number of workers employed? Show your own calculations of the unemployment rate up to 3 decimals for both Aug and Sep (i.e. x.xxx%, from Table A).
  3. What was the average hourly wage in Sep (Table B)? Calculate BOTH the m/m and y/y % changes (calculate both with 2 decimals). Assuming that CPI rose in September 0.4% (m/m) and 5.2% (y/y), what would be the respective changes in the real hourly wagefor Sep? (I need two numbers here. CPI #s are est., as Sep CPI is not available yet).
  4. Assume Sep CPI is 273.8, deflate the hourly wage above by this number (i.e. w = nom W/CPI*100). Graph the labor market using your calculated w and employment N (from Table A) for equilibrium.
  5. Where was the headline total gain job number compared to market expectations of 500K, any surprises? What was the change in private payrolls? Government payrolls?
  6. Locate a reliable article/opinion, after the release (reference it), the article should refer to the report's impact on the economic outlook, and/or to the report's impact on stock or bond prices. Copy/paste the relevant paragraph, what is the text;s point? Do you agree or disagree with it, and why? (If referring to stocks or bonds, indicate prices before and after the report, Dow or S&P for stocks, 10Y yields for bonds). (1 parag. copied + 1 parag. for your answer)

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