by sslifer | Mar 12, 2024 | Inflation, NumberNomics Notes
March 12, 2924 The CPI rose 0.4% in February after climbing 0.3% in January. The year-over-year increase is currently 3.2%. We expect the CPI to increase 3.3% in 2024. While the markets are convinced that inflation will continue to improve rapidly, that is unlikely...
by sslifer | Mar 8, 2024 | Commentary for the Week, NumberNomics Notes
March 8, 2024 Every month employers have a choice. If demand remains solid they can either hire more workers, or work their existing employees longer hours. If in any given month economists know how many people are working and how many hours they worked, they can...
by sslifer | Mar 8, 2024 | Employment, NumberNomics Notes
March 8, 2024 Payroll employment jumped by 275 thousand in January after climbing 229 thousand in January and 290 thousand in December. In the past three months the average increase has been 265 thousand. The February increase was larger than the 195 thousand...
by sslifer | Mar 8, 2024 | Employment, NumberNomics Notes
March 8, 2024 Private sector employment jumped by 223 thousand in January after climbing 177 thousand in January and 214 thousand in December. In the past three months the average increase has been 205 thousand. The February increase was larger than the 170 thousand...
by sslifer | Mar 8, 2024 | Employment, NumberNomics Notes
March 8, 2024 The unemployment rate rose 0.2% in February to 3.9% after having been unchanged in January. In February the labor force rose by 150 thousand.. Employment fell by 184 thousand. As a result, the number of unemployed workers rose by 334 thousand and the...
by sslifer | Mar 8, 2024 | Employment, NumberNomics Notes
March 8, 2024 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 275 thousand in february. At the same time the nonfarm workweek rose 0.1...
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