Initial Unemployment Claims

June 10, 2021 Initial unemployment claims for the week of June 5 fell 9 thousand to 376 thousand after having declined 20 thousand in the previous week. In fact this is the sixth consecutive decline in claims and the eighth decline in the past 9 weeks.  The June 5...

Unemployment vs. Job Openings

June 8, 2021 The  Labor Department reported that job openings rose t998 thousand of 12.0% in April to a record high level of 9,286 thousand after rising 762 thousand or 10.1% in March  .  The BLS reports that the largest increases in openings were in accommodation and...

Payroll Employment

June 4, 2021 Payroll employment rose 559 thousand in May after having risen 278 thousand in April and 785 thousand in March. In addition to hiring people, businesses can also lengthen the hours of existing employees.  The nonfarm workweek rebounded was unchanged in...

Private Employment

June 4, 2021 Private employment rose 492 thousand in May after having risen 219 thousand in April and 724 thousand in March. In addition to hiring people, businesses can also lengthen the hours of existing employees.  The nonfarm workweek rebounded was unchanged in...

Unemployment Rate

June 4 2021 The unemployment rate declined 0.3 in May to 5.8% after having risen 0.1% in April.  After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rat has been steadily declining but it now appears that employers are having...

Nonfarm Workweek

June 4, 2021 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 by 559  thousand in May.  In addition to hiring people, businesses can also lengthen the...