Average Duration of Unemployment

January 10, 2020 The average duration of unemployment rose 0.6 week in December to 20.8 weeks after having declined 1.4 weeks in November.  This series bounces around from month to month, but it does seem to still be declining slowly. While the unemployment rate has...

ADP Employment

January 8, 2020 .As shown above the ADP survey shows an impressive 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...

Unemployment vs. Job Openings

December 17, 2019 .The  Labor Department reported that job openings rose 3.3% in October to 7,267 thousand after having declined 3.7% in September.  Job openings remain at a very elevated level.  Indeed, there are far more job openings today than there were prior to...