by sslifer | Sep 21, 2023 | Employment, NumberNomics Notes
September 14, 2023 Initial unemployment claims fell 20 thousand in the week ending September 16 to 201 thousand after rising 4 thousand in the previous week. Thus far, in the face of rising interest rates and the fear of a recession, employers are reluctant to lay...
by sslifer | Sep 9, 2023 | Employment, NumberNomics Notes
September 9, 2023 Payroll employment climbed by 187 thousand in August after having risen by 157 thousand in July. In the past three months the average increase has been 150 thousand. At the beginning of this year we were routinely seeing employment gains of 300...
by sslifer | Sep 9, 2023 | Employment, NumberNomics Notes
September 8, 2023 Private sector employment climbed by 179 thousand in August after having risen by 155 thousand in July. In the past three months the average increase has been 140 thousand. At the beginning of this year we were routinely seeing employment gains of ...
by sslifer | Sep 9, 2023 | Employment, NumberNomics Notes
September 9 2023 The unemployment rate rose 0.3% in August to 3.8% after having declined 0.1% in July. In August the labor force surged by 736 thousand. Employment climbed by 222 thousand. As a result, the number of unemployed workers rose by 514 thousand in August...
by sslifer | Sep 9, 2023 | Employment, NumberNomics Notes
September 9, 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 187 thousand in July. At the same time the nonfarm workweek rose 0.1...
by sslifer | Sep 9, 2023 | Employment, NumberNomics Notes
September 9, 2023 Average hourly earnings rose 0.2% in August to $33.82 after having climbed 0.4% in July. Despite higher inflation and higher interest rates firms across-the-board continue to scramble to find additional bodies. However, the prospect of a...
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