Unemployment vs. Job Openings

April 6, 2021 The  Labor Department reported that job openings rose 3.8% in February to 7,367 thousand after rising 5.1% in January  The record high level for job openings was 7,574 thousand back in November 2018.  With as many job openings as their are, it is...

Payroll Employment

April 2, 2021 Payroll employment rose 916 thousand in March after having risen 468 thousand in February ( previously 379 thousand) and 233 thousand in February (previously 166 thousand).  The February increase was undoubtedly held in check by the extreme bad weather...

Private Employment

April 2, 2021 Private sector employment rose 780 thousand in March after having risen 558 thousand in February. The February increase was undoubtedly held in check by the extreme bad weather in that month, and the March gain was bolstered by a rebound from the bad...

Unemployment Rate

April 2 2021 The unemployment rate fell 0.2% in March to 6.0% after having declined 0.1% in February and 0.4% in January.  After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rat has been steadily declining.  The labor force rose by...

Nonfarm Workweek

April 2 2021 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 rose 916 thousand in March.  In addition to hiring people, businesses can also lengthen the...