Average Duration of Unemployment

March 10, 20223 The average duration of unemployment declined 1.1 weeks in February to 19.3 weeks after having risen 0.9 week in January.  Its current level is roughly where it was prior to the recession in early 2020.  After declining slowly for more than one year,...

Job Openings

March 8, 2023 The  Labor Department reported that job openings fell 410 thousand in January after having jumped by 488 thousand in December.  With higher inflation triggering a series of Fed rate hikes the pace of economic activity has slowed somewhat but the job...

ADP Employment

March 8, 2023 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later.  And well it should.  ADP, or Automatic Data Processing, Inc. is a provider of...