Average Duration of Unemployment

April 5, 2024 The average duration of unemployment rose 0.6 week in March to 21.6 weeks after having risen 0.1 week in February.  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...

ADP Employment

April 3, 2024 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

April 2, 2024 The  Labor Department reported that job openings rose 8 thousand in February to 8,756 thousand after having declined 141 thousand in January.  The pace of economic activity has been slowing a bit, but the labor market keeps hanging in there fairly well. ...