Payroll Employment

June 7, 2024 Payroll employment for May climbed by 272 thousand in May after gaining 165 thousand in April and 310 thousand in March.  In the past three months the average increase has been 249 thousand.  The employment gains remain sizeable.  It appears that some...

Private Employment

June 7, 2024 Private sector employment for May climbed by 229 thousand in May after gaining 158 thousand in April and 232 thousand in March.  In the past three months the average increase has been 206 thousand.  The employment gains remain sizeable.  It appears that...

Unemployment Rate

June 7, 2024 The unemployment rate rose 0.1% in May to 4.0% after having risen 0.1% in April and having fallen 0.1% in March  In May  the labor force fell by 250 thousand..  Employment declined by 408 thousand.  As a result, the number of unemployed workers rose by...

Nonfarm Workweek

June 7, 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 272 thousand in May. At the same time the nonfarm workweek was unchanged at...

Average Hourly Earnings

June 7, 2024 Average  hourly earnings rose 0.4% in May to $34.91 after having risen 0.2% in April and 0.4% in March.  Earnings growth continues to slow from 5.5% at the beginning of  last year to 4.1% currently.  Presumably, the flood of workers from Latin America...