by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes
June 2, 2023 Payroll employment jumped by 339 thousand in May after climbing by 294 thousand in April and 217 thousand in March. In the past three months the average increase has been 283 thousand. At the beginning of last year we were routinely seeing employment...
by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes
June 2, 2023 Private sector employment jumped by 283 thousand in May after climbing by 253 thousand in April and 157 thousand in March. In the past three months the average increase has been 231 thousand. At the beginning of last year we were routinely seeing...
by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes
June 2, 2023 The unemployment rate jumped 0.3% in May to 3.7% which was a bigger increase than the 0.1% gain that had been expected. However, the unemployment rate surprisingly declined 0.1% in April to 3.4%.. At 3.7% in May the unemployment rate seems to be about...
by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes
June 2, 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 339 thousand in May. But at the same time the nonfarm workweek fell 0.1 hour...
by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes, Reference Charts (By Category)
June 2, 2023 Average hourly earnings rose 0.3% in May to $33.44 after having risen 0.4% in April and 0.3% in March. Despite higher inflation and higher interest rates firms across-the-board continue to scramble to find additional bodies. However, the prospect of a...
by sslifer | Jun 2, 2023 | Employment, NumberNomics Notes
June 2, 20223 The average duration of unemployment rose 0.3 week in May to 21.2 weeks after having risen 1.4 weeks in April and 0.2 week in March.. Its current level is roughly where it was prior to the recession in early 2020. After declining slowly for more than...
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