Initial Unemployment Claims

December 1, 2022 Initial unemployment claims fell 16 thousand in the week ending November 26 to 225 thousand after having risen 18 thousand in the previous week.  Thus far, in the face of rising interest rates and the fear of a recession, employers are reluctant to...

Job Openings

November 30, 2022 The  Labor Department reported that job openings fell 353 thousand in October to 10,334 thousand after having risen 407 thousand in September.  With higher inflation triggering a series of Fed rate hikes the pace of economic activity has slowed...

ADP Employment

November 30, 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...