Private Employment

December 4, 2020 Private sector employment rose 344 thousand in November after having risen 877 thousand in October and 930 thousand in September  Clearly, the pace of job creation slowed in November.  However, the weekly data from initial unemployment claims and...

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Payroll Employment

December 4, 2020 Payroll employment rose 245 thousand in November after having risen 610 thousand in October and 711 thousand in September  Clearly, the pace of job creation slowed in November.  However, the weekly data from initial unemployment claims and the...

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Unemployment Rate

December 4, 2020 The unemployment rate fell  0.2% in November to 6.7% after having declined by 1.0% in October and 0.5% in September.  After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rate has declined in each of the seven...

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Nonfarm Workweek

December 4, 2020 In any given month employers can boost output by either additional hiring or by lengthening the number of  hours that their employees work.  Payroll employment rose 245 thousand in November. The nonfarm workweek was unchanged in November at 34.8...

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2021 Economic Outlook Conference Photos

Here are some photos from this morning's conference taken by Mary Wessner of Mary Wessner Photography (and also my wife).  While not the same as the in-person gatherings at the Daniel Island Club, the Zoom presentation allowed lots of  people outside the Charleston...

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Initial Unemployment Claims

December 3, 2020 Initial unemployment claims for the week of November 28 fell  75 thousand to 712 thousand after having risen 39 thousand in the previous week.  After reaching a peak of 6,867 thousand at the end of March, initial claims have been steadily...

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