by sslifer | May 2, 2025 | Employment, NumberNomics Notes
May 2, 2025 The unemployment rate was unchanged in April at 4.2% after having risen 0.1% in March. The labor force rose by 518 thousand in April while employment rose by 436 thousand. As a result, the number of unemployed workers rose 82 thousand and the...
by sslifer | May 2, 2025 | Employment, NumberNomics Notes
May 2, 2025 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 177 thousand in April In the past three months the average increase has been...
by sslifer | May 2, 2025 | Employment, NumberNomics Notes
May 2, 2025 Average hourly earnings rose 0.2% in April to $36.06 after having risen 0.3% in March. Earnings growth in the past year has been 3.8%. While nominal earnings have risen 3.8% in the past year, inflation has risen fairly quickly and real or...
by sslifer | May 2, 2025 | Employment, NumberNomics Notes
May 2, 2025 The average duration of unemployment rose 0.4 week in April to 23.2 weeks after 1.5 weeks in March, It appears that unemployed workers are having a somewhat more difficult time becoming reemployed than they were six months or so ago. Stephen Slifer...
by sslifer | May 1, 2025 | Housing, NumberNomics Notes
May 1, 2025 Construction spending (the green bars above) fell 0.5% in March after rising 0.6% in February. This indicator has been essentially flat since the end of last year.. In the past 12 months it has risen 2.8%. Private construction spending (excluding the...
by sslifer | May 1, 2025 | NumberNomics Notes, Purchasing Managers Index
May 1, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 0.3 point in April to 48.7 after having fallen 1.3 points in March. This index was above the break-even level of 50.0 in February but if fell below that...
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