Average Duration of Unemployment

June 3 2022 The average duration of unemployment fell 2.5 weeks in May to 22.5 weeks after having risen 0.8 week in April.  Some of the people that became unemployed in 2020 remain unemployed hence the average duration of unemployment remains long.  It is now...

ADP Employment

June 2, 2022 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...

Job Openings

June 1, 2022 The  Labor Department reported that job openings fell 455 thousand in April to 11,400 thousand after having risen 511 thousand in March to a record high level of 11,855 thousand.  With as many job openings as there are, it is surprising that more workers...