Small Business Optimism

February 11, 2020 Small business optimism climbed 1.6 points in January to 104.3 after having declined 2.0 points in December.  The August 2018  level of 108.8  broke the previous record high level of 108.0 set 35 years ago back in July 1983.  The current level of...

Private Employment

February 7, 2020 Private sector employment rose 206 thousand in January after having climbed 127 thousand in December and 247 thousand in November.  The  3-month moving average of private employment is now 198 thousand.  Thus, the pace of hiring has remained...

Payroll Employment

February 7, 2020 Payroll employment rose 225 thousand in January after having climbed 147 thousand in December and 261 thousand in November.  The  3-month moving average of payroll employment is now 211 thousand.  Thus, the pace of hiring has remained remarkably...

Unemployment Rate

February 7, 2020 The unemployment rate edged up 0.1% in January to 3.6% (3.58%) after having been unchanged in December.   At 3.6% the unemployment remains close to its lowest level since December 1969  — almost 50 years ago.  The labor force rose 50 thousand in...

Nonfarm Workweek

February 7, 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 for January rose 225 thousand.  On average jobs are climbing by about 175 thousand per...