Average Duration of Unemployment

October 4, 2024 The average duration of unemployment rose 1.6 weeks in September to 22.6 after having risen 0.4 week in August.  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

October 2, 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

October 1, 2024 The  Labor Department reported that job openings rose 329 thousand in August to 8,040  thousand after having declined 199 thousand in July.   The pace of economic activity has remained solid while the labor market has softened very gradually.  Job...