Payroll Employment

February 3, 2023 Payroll employment jumped by 517 thousand in January after having risen 260 thousand in December after having risen 290 thousand in November.  In the past three months the average increase has been 356 thousand.  At the beginning of this year we were...

Private Employment

February 3, 2023 Private sector employment jumped by 443 thousand in January after having risen 269 thousand in December after having risen 228 thousand in November.  In the past three months the average increase has been 313 thousand.  At the beginning of this year...

Unemployment Rate

February 3, 2023 The unemployment rate fell 0.1% in Janury to 3.4% after having declined 0.1% in December.  In January the labor force jumped by 866 thousand.  Employment jumped by 894 thousand.   As a result, the number of unemployed workers fell by 28 thousand and...

Nonfarm Workweek

February 3, 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 517 thousand in January..  At the same time firms chose to work...

Average Duration of Unemployment

February 3, 20223 The average duration of unemployment rose 0.9 week in January to 20.4 weeks after having declined 1.9 weeks in December  Its current level if roughly where it was prior to the recession in early 2020.  After declining slowly for more than one year,...