by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 Payroll employment climbed by 209 thousand in March after gaining 116 thousand in February and 79 thousand in January. The job gain far exceeded market expectations which were for an increase of 127 thousand. In addition to hiring workers employers can...
by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 The unemployment rate rose 0.1% in March to 4.2% (4.152%) after rising 0.1% in February to 4.1% and declining 0.1% in January. The labor force rose by 232 thousand in March while employment rose by 201 thousand. As a result, the number of unemployed...
by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 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 228 thousand in March In the past three months the average increase has...
by sslifer | Apr 7, 2025 | Employment, NumberNomics Notes
April 7, 2025 Average hourly earnings rose 0.3% in March to $36.00 after rising 0.2% in February and 0.4% in January. Earnings growth in the past year has been 3.8%. While nominal earnings have risen 3.8% in the past year, inflation has risen fairly quickly and...
by sslifer | Apr 6, 2025 | NumberNomics Notes, Purchasing Managers Index
April 6, 2025 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The business activity index rose 1.5 points in March after declining 0.1 point in...
by sslifer | Apr 6, 2025 | NumberNomics Notes, Purchasing Managers Index
April 6, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 1.3 points in March to 49.0 after having fallen 0.6 point in February. For the previous two months this index was above the break-even level of 50.0 but if...
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