The private sector created 103,000 new jobs while the number of government jobs fell by 7000. Non-farm payrolls are said to have increased by 141,000 in July, revised downward from the previously reported 163,000.
 
The jobs numbers may seem confusing with numbers being revised with each new report. In an article on September 6, the day before this monthly report, the weekly report said that non-farm payrolls had been revised upward for July to 173,000 from 163,000.
 
These numbers were from Automatic Data Processing, Inc. or ADP. The service has reported numbers over the last several months that have been significantly off the revised numbers reflecting the more realistic scenario.
 
This points to the need to look at the unemployment picture from a macro perspective rather than a week-to-week or even a month-to-month scenario.
 
Nonetheless, political impact will result from the latest reports and the monthly report issued today is not doing the White House any favors.
 
The decline in the unemployment rate sounds good but it actually reflects a pullback in the numbers of people looking for jobs. This means more people are giving up the job hunt.
 
Jobs have been added to the US economy every month since September 2010, although the additions have been at a varied pace. The average number of jobs that have been added per month so far this year is 139,000. This compares to an average monthly gain of 153,000 jobs in 2011.
 
The Federal Open Market Committee (FOMC) meeting happens next week on September 12 and 13. The Fed is widely expected to take some type of stimulus action at the meeting. The unemployment figures are one of the top indicators the Fed is watching in making the decision to act.

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With classes approved for over a decade by the CFP Board, IWI, and NASBA, Advisors4Advisors CE classes are an optimal knowledge stream for CFP®, CIMA®, CPA, CPA/PFS®, CFA®, and other practitioners. It's not a grab bag of speakers willing to sponsor CE content. Nor is it a one-man CE course. It's a group of subject matter experts with amazing communication skills and a history of thought leadership that, together, give advisors a well-rounded knowledge system for running a professional practice ethically and intelligently.

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A4A CE classes for financial professionals began in October 2008, the week Lehman Bros. collapsed. Initially billed as “The Financial Crisis Webinar Series,” A4A connects advisors with authoritative sources on investing, tax, and financial planning, chosen by A4A Editor Andrew Gluck, a veteran financial reporter. A4A members get a stream of CE classes for an advisor who: 

  • holds a CFP®, CIMA®, CPA, CPA/PFS, CFA or other designation requiring CE annually 
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It is not possible for me to overstate the cumulative value that Craig, Bob and Fritz have added for over 10 years to my investment advisory practice, as well as for personal and family financial planning. A4A gets my highest recommendation
Lynn Najman, CFP®
I’ve subscribed to A4A since its inception, and always find it intellectually stimulating and on point. It’s one of the few CE solutions out there that doesn’t waste my time by pushing product or talking down to me.

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Pete Deacon, CPA, CFP®
A4A has had a profound effect on my business. Since 2009, I’ve relied on the consistent messaging and updates to run my business successfully. Being able to present the information from Bob, Fritz, and Craig's ongoing CE webinars has been a significant benefit.

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Fredric Mayerson, MBA, PhD, CFP®
I've been a financial professional and professor of finance for 35 years and find Fritz Meyer and Robert Keebler to be among the most engaging, incredibly knowledgeable, and experienced presenters I’ve encountered. They deliver an extraordinary amount of information in an extremely interesting way — sequentially and developmentally, utilizing pedagogical tools and techniques that few possess.  A4A to is the most consistently excellent CE program available.  
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I’ve been attending A4A many years because the CE classes are outstanding, and my time is valuable. Though I have over 35 years of experience, I’m always learning something new on A4A. I attend fewer conferences now because the CE is generally not advanced. If you want to learn from the best, in a faster, easier, and less expensive way, I highly recommend A4A.

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I’ve been a member since 2011 and never miss the monthly webinars with Fritz Meyer. I appreciate Fritz’s independent views on the economy and markets and Bob Keebler keeps me updated on excellent tax planning ideas. A4A is a great value!

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Norman Politziner, CFP

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A4A, for over a decade, has been a great resource for useful and accurate information and CE. A4A and Advisor Products are bargains for an advisory practice. 

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Kevin Brosious, MBA, CFP®, CPA/PFS®

I get CPA CE credit and CFP credit for the webinars.  But not only that, the A4A content is terrific