Initial Unemployment Claims

August 15, 2019 Initial unemployment claims rose 9 thousand in the week ending August 10 to 220 thousand.  The four-week average of claims rose 1 thousand to 214 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...

Unemployment vs. Job Openings

August 6, 2019 The  Labor Department reported that job openings fell 0.5% in June to 7,348 thousand after having risen 0.2% in May.  Job openings seem to be bouncing around from month to month at a very elevated level.  Indeed, there are far more job openings today...

Private Employment

August 2, 2019 Private employment for July rose 148 thousand after having climbed by 179 thousand in June.   A better reading of what is truly going on is typically represented by the  3-month moving average of private employment which is now 136 thousand.  To us, the...

Payroll Employment

August 2, 2019 Payroll employment for July rose 164 thousand after having climbed by 193 thousand in June.   A better reading of what is truly going on is typically represented by the  3-month moving average of private employment which is now 140 thousand.  To us, the...

Unemployment Rate

August 2, 2019 The unemployment rate was  unchanged in July at 3.7% after having risen 0.1% in June to 3.7%.   At 3.7% the unemployment remains close to its lowest level since December 1969  — almost 50 years ago.  The labor force rose 370 thousand in July.  The...

Nonfarm Workweek

August 2, 2019 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 July rose 164 thousand after having climbed by 193 thousand in June.  These numbers tend...