Initial Unemployment Claims

February 22, 2024 Initial unemployment claims fell  12 thousand in the week ending February 17 to 201 thousand after having declined 7 thousand in the previous week.  Thus far, in the face of rising interest rates and the fear of a recession, employers are reluctant...

Payroll Employment

February 2, 2024 Payroll employment jumped by 353 thousand in January after having climbed 333 thousand in December.  In the past three months the average increase has been 289 thousand.  At the beginning of last year we were routinely seeing employment gains of  300...

Private Employment

February 2, 2024 Private sector employment jumped by 317 thousand in January after having climbed 278 thousand in December.  In the past three months the average increase has been 249 thousand.  At the beginning of last year we were routinely seeing employment gains...

Unemployment Rate

February 2, 2024 The unemployment rate was unchanged in January at 3.7% after having been unchanged in December..  In December the labor force declined by 175 thousand..  Employment fell by 31 thousand.  As a result, the number of unemployed workers declined by 144...

Nonfarm Workweek

February 2, 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 353 thousand in January. At the same time the nonfarm workweek fell 0.2...

Average Hourly Earnings

February 2, 2024 Average  hourly earning jumped 0.6% in January to $34.55 after having risen 0.4% in December.   Firms across-the-board continue to scramble to find additional bodies.  Earnings growth has slowed slightly from 5.5% at the beginning of  last year to...