Nonfarm payroll employment growth is 1.3% (12 month log difference). Civilian employment -- adjusted to conform to the establishment payroll series -- is 1.0%. These are the numbers for August 2007? Almost. Payroll employment growth was actually 1.2%. Those figures are for February 2001, the month immediately preceding the last NBER-defined recession.So when you see this statement, from the White House website, Economy "Fact Sheet", accessed 8 Sep 07:
Today, The Bureau Of Labor Statistics...