Average Duration of Unemployment

May 7, 2021 The average duration of unemployment fell 0.9 week in april to 28.8 weeks after rising by 2.1 weeks in March.  Many of the people that became unemployed earlier in 2020 remain unemployed. Stephen Slifer NumberNomics Charleston,...

Nonfarm Productivity

May 6, 2021 Non-farm productivity rose 5.4% in the first quarter after having declined 3.8% in the fourth quarter. The first quarter increase consisted of an 8.4% increase in output combined with a 2.9% increase in hours worked. Hence, a 5.4% increase  in productivity...

Unit Labor Costs

April 6, 2021 Unit labor costs might be a term that is not familiar to you.  Unit labor costs represent the increase in compensation adjusted for the gains in productivity.  You might think that if labor costs are rising that would put upward pressure on...

Hourly Compensation

May 6, 2021 The Bureau of Labor Statistics  indicated that hourly compensation jumped 5.1% in the first quarter after having risen 1.6% in the fourth quarter.  In the past year compensation has risen 5.8%.  That is a solid gain, but keep in m ind that Q2 of last year...

Initial Unemployment Claims

May 6, 2021 Initial unemployment claims for the week of May 1 fell 92 thousand to 498 thousand after having risen 24 thousand in the previous week.  The May 1 level is the lowest level of claims since March 14, 2020 when it was 256 thousand.   After reaching a peak of...