Nonfarm Workweek

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...

Average Hourly Earnings

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...

ADP Employment

,April 6, 2025 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later.  And well it should.  ADP, or Automatic Data Processing, Inc. is a provider of...

Personal Income and Consumption Expenditures — Monthly

March 28, 2025 Personal consumption expenditures rose 0.4% in February after having fallen 0.3% in January. In the past year nominal spending has risen 5.3% What we are really interested in is “real” or inflation-adjusted spending.  That is what goes into...