Initial Unemployment Claims

October 17, 2019 Initial unemployment claims rose 4 thousand in the week ending October 12 to 214 thousand.  The four-week average of claims rose 1 thousand to 215 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...

Unemployment vs. Job Openings

October 9, 2019 The  Labor Department reported that job openings fell 1.7% in August to 7,051 thousand after falling 1.0% in July.  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

October 4, 2019 .Private employment rose 114 thousand in September after climbing 122 thousand in August and 122 thousand in July.   A better reading of what is truly going on is typically represented by the  3-month moving average of private employment which is now...

Payroll Employment

October 4, 2019 .Private employment rose 136 thousand in September after climbing 168 thousand in August and 166 thousand in July.   A better reading of what is truly going on is typically represented by the  3-month moving average of private employment which is now...

Unemployment Rate

October 4, 2019 The unemployment rate fell 0.2% in September to 3.5% after having been steady at 3.7% in each of the previous three months.   At 3.5% the unemployment remains close to its lowest level since December 1969  — almost 50 years ago.  The labor force...

Nonfarm Workweek

October 4, 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 September rose 136 thousand after having risen 168 thousand in August and 166 thousand...