Payroll Employment

June 2, 2023 Payroll employment jumped by 339 thousand in May after climbing by 294 thousand in April and 217 thousand in March.  In the past three months the average increase has been 283 thousand.  At the beginning of last year we were routinely seeing employment...

Private Employment

June 2, 2023 Private sector employment jumped by 283 thousand in May after climbing by 253 thousand in April and 157 thousand in March.  In the past three months the average increase has been 231 thousand.  At the beginning of last year we were routinely seeing...

Unemployment Rate

June 2, 2023 The unemployment rate jumped 0.3% in May to 3.7% which was a bigger increase than the 0.1% gain that had been expected.  However, the unemployment rate surprisingly declined 0.1% in April to 3.4%..  At 3.7% in May the unemployment rate seems to be about...

Nonfarm Workweek

June 2, 2023 In any given month employers can boost output by either additional hiring workers or by lengthening the number of  hours that their employees work.  Payroll employment climbed by 339 thousand in May. But at the same time the nonfarm workweek fell 0.1 hour...