by sslifer | Dec 4, 2020 | Commentary for the Week, NumberNomics Notes
December 4, 2020 Private sector employment rose 344 thousand in November which was a disappointment to us. We had expected an increase of 700 thousand. However, layoffs and the number of people receiving unemployment benefits are declining steadily which means that...
by sslifer | Dec 4, 2020 | Forecasts, NumberNomics Notes
December 4, 2020 The government’s response to the corona virus stopped the economy dead in its tracks. It started to fall precipitously in March and then collapsed in April. As a result, GDP declined 31.4% in the second quarter. However, it...
by sslifer | Dec 4, 2020 | Employment, NumberNomics Notes
December 4, 2020 Private sector employment rose 344 thousand in November after having risen 877 thousand in October and 930 thousand in September Clearly, the pace of job creation slowed in November. However, the weekly data from initial unemployment claims and the...
by sslifer | Dec 4, 2020 | Employment, NumberNomics Notes
December 4, 2020 Payroll employment rose 245 thousand in November after having risen 610 thousand in October and 711 thousand in September Clearly, the pace of job creation slowed in November. However, the weekly data from initial unemployment claims and the number...
by sslifer | Dec 4, 2020 | Employment, NumberNomics Notes
December 4, 2020 The unemployment rate fell 0.2% in November to 6.7% after having declined by 1.0% in October and 0.5% in September. After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rate has declined in each of the seven months...
by sslifer | Dec 4, 2020 | Employment, NumberNomics Notes
December 4, 2020 In any given month employers can boost output by either additional hiring or by lengthening the number of hours that their employees work. Payroll employment rose 245 thousand in November. The nonfarm workweek was unchanged in November at 34.8 hours...
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