Unemployment vs. Job Openings

February 11, 2020 .The  Labor Department reported that job openings fell 5.4% in December to 6,423 thousand after having declined 7.8% in November.  The biggest drop in job openings was in the transportation category so one wonders whether the G.M. strike and the...

Private Employment

February 7, 2020 Private sector employment rose 206 thousand in January after having climbed 127 thousand in December and 247 thousand in November.  The  3-month moving average of private employment is now 198 thousand.  Thus, the pace of hiring has remained...

Payroll Employment

February 7, 2020 Payroll employment rose 225 thousand in January after having climbed 147 thousand in December and 261 thousand in November.  The  3-month moving average of payroll employment is now 211 thousand.  Thus, the pace of hiring has remained remarkably...

Unemployment Rate

February 7, 2020 The unemployment rate edged up 0.1% in January to 3.6% (3.58%) after having been unchanged in December.   At 3.6% the unemployment remains close to its lowest level since December 1969  — almost 50 years ago.  The labor force rose 50 thousand in...

Nonfarm Workweek

February 7, 2020 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 January rose 225 thousand.  On average jobs are climbing by about 175 thousand per...