Initial Unemployment Claims

September 22, 2022 Initial unemployment claims rose 5 thousand in the week ending September 17 to 213 thousand after having fallen 10 thousand in the previous week.  Thus far, in the face of rising interest rates and the fear of a recession, employers are reluctant to...

Payroll Employment

September 2, 2022 Payroll employment rose by 315 thousand in August after having jumped by 528 thousand in July.  In the past three months the average increase has been 378 thousand.  At the beginning of this year we were routinely seeing employment gains of  550-600...

Private Employment

September 2, 2022 Private employment rose by 308 thousand in August after having jumped by 477 thousand in July.  In the past three months the average increase has been 377 thousand.  At the beginning of this year we were routinely seeing employment gains of  550-600...

Unemployment Rate

September 2, 2022 The unemployment rate rose 0.2% in August to 3.7% after having fallen 0.1% in July.  The unemployment rate rose, but not because of any weakness in the pace of hiring.  In August the labor force surged by 786 after having fallen by 63 thousand in...

Nonfarm Workweek

September 2, 2022 * 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 372 thousand in June.  In addition to hiring people, businesses can...