by sslifer | Mar 7, 2025 | Employment, NumberNomics Notes
March 7, 2025 Private sector employment climbed by 140 thousand in February after having risen by 81 thousand in January and 287 thousand in December. The job gain was roughly in line with expectations, but the quality of the jobs has deteriorated. Many of those...
by sslifer | Mar 7, 2025 | Employment, NumberNomics Notes
March 7, 2025 The unemployment rate rose 0.1% in February to 4.1% after having declined 0.1% in January and having fallen 0.1% in December. The labor force fell 385 thousand in February while employment declined 588 thousand. As a result, the number of unemployed...
by sslifer | Mar 7, 2025 | Employment, NumberNomics Notes
March 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 151 thousand in February. In the past three months the average increase...
by sslifer | Mar 7, 2025 | Employment, NumberNomics Notes
March 7, 2025 Average hourly earnings rose 0.3% in February to $35.93 after having climbed 0.4% in January and 0.2% in December. Earnings growth in the past year has been 4.0%. While nominal earnings have risen 4.0% in the past year, inflation has risen fairly...
by sslifer | Mar 7, 2025 | Employment, NumberNomics Notes
March 7, 2025 The average duration of unemployment fell 0.7 week in February to 21.3 weeks after falling 1.7 weeks in January and increasing 0.1 week in December, It appears that unemployed workers are having a somewhat more difficult time becoming reemployed than...
by sslifer | Mar 6, 2025 | NumberNomics Notes, Productivity
March 6, 2025 Non-farm productivity 1.5% in the fourth quarter after climbing 2.0% in the third quarter and 2.1% in the second quarter. The fourth quarter increase consisted of a 2.4% increase in output combined with a 0.8% increase in hours worked. Hence, a 1.5%...
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