Payroll Employment

July 2, 2020 Payroll employment rose 4,800 in June after having climbed by 2,699 thousand in May after having plunged by 20,787 jobs in April and 1,352 thousand in March. Given the sharp drop in employment beginning in March and continuing into April, the National...

Unemployment Rate

July 2, 2020 The unemployment rate fell 2.2% in June to 11.1% after having fallen 1.4% in May to 13.3% after having jumped 10.3 percentage points in April from 4.4% to 14.7%.  The labor force rose by 1,705 thousand in June.  Employment rose by 4.940 thousand workers. ...

Nonfarm Workweek

July 2, 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 jumped 4,800 thousand workers in May after having risen 2,699 thousand in May and having...

Trade Deficit

July 2, 2020 The trade deficit for April widened by $4.8 billion in May to $54.6 billion after having widened by $7.4 billion fin April and by $7.7 billion in March.  Exports fell 4.4% in May after having declined 20.5% in April while imports declined by 0.9% in April...

Initial Unemployment Claims

July 2, 2020 Initial unemployment claims for the week of June 27 fell 55 thousand to 1,427 thousand.  Claims have fallen steadily since reaching a peak of 6,867 thousand in the week ending April 25.  Unfortunately, 1,427 thousand is still a very large number of people...