Initial Unemployment Claims

r 22, 2020 Initial unemployment claims for the week of October 17 fell 53 thousand to 787 thousand after having risen 75 thousand in the previous week.  After reaching a peak of 6,867 thousand at the end of March, initial claims have been steadily declining.  In the ...

Unemployment vs. Job Openings

October 6, 2020 The  Labor Department reported that job openings declined 3.0% in August after increases of 11.6% in July, 11.7% in June and 7.5% in May.  As the economic expansion gathers momentum the number of job openings will continue to climb and the unemployment...

Private Employment

October 2, 2020 Payroll employment rose 877 thousand in September after rising 1,022 thousand in August and 1,526 thousand in July. Given the sharp drop in employment beginning in March and continuing into April, the National Bureau of Economic Research has concluded...

Payroll Employment

October 2, 2020 Payroll employment rose 661 thousand in September after rising 1,489 thousand in August and 1,761 thousand in July. Given the sharp drop in employment beginning in March and continuing into April, the National Bureau of Economic Research has concluded...

Unemployment Rate

October 2, 2020 The unemployment rate fell 0.5% in September to 7.9% after having declined 1.8% in August and 0.9% in July.  After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rate has declined in each of the five months since. ...

Nonfarm Workweek

October 2, 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 rose 661 thousand in September. The nonfarm workweek rose 0.1 hour in September to 34.7...