Initial Unemployment Claims

May 9, 2024 Initial unemployment claims rose 22 thousand in the week ending May 4 after rising 1 thousand the previous week.   The increase this week seems related to the NYC teachers who had a break and were allowed to apply for unemployment benefits.   If so, the...

Payroll Employment

May 3, 2024 Payroll employment for April climbed by 175 thousand in April after jumping by 315 housand in March and 226 thousand in February.  In the past three months the average increase has been 242 thousand.  The employment gains remain sizeable.  It appears that...

Private Employment

May 3, 2024 Private sector employment for May climbed by 167 thousand in April after jumping by 243 thousand in March and 181 thousand in February.  In the past three months the average increase has been 197 thousand.  The employment gains remain sizeable.  It appears...

Unemployment Rate

May 3, 2024 The unemployment rate rose 0.1% in April to 3.9% after having fallen 0.1% in March  In April the labor force rose by 87 thousand..  Employment rose by 25 thousand.  As a result, the number of unemployed workers rose by 63 thousand  and the unemployment...

Nonfarm Workweek

May 3, 2024 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 175 thousand in April. At the same time the nonfarm workweek fell 0.1 hour to...

Average Hourly Earnings

May 3, 2024 Average  hourly earnings rose 0.2% in April to $34.75 after rising 0.3% in March.  Earnings growth continues to slow from 5.5% at the beginning of  last year to 3.9% currently.  Presumably, the flood of workers from Latin America crossing over our southern...