Nonfarm Workweek

November 3,  2023 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 150 thousand in October. At the same time the nonfarm workweek fell 0.1...

Average Hourly Earnings

November 3, 2023 Average  hourly earnings rose 0.2% in October to $34.00 after climbing 0.3% in September.   Despite higher inflation and higher interest rates firms across-the-board continue to scramble to find additional bodies. However, the prospect of a recession...

Average Duration of Unemployment

November 3, 2023 The average duration of unemployment rose 0.1 week in October to 21.6 weeks after climbing 1.1 weeks in September.  Its current level is roughly where it was prior to the recession in early 2020.  After declining slowly for more than one year, it has...