by sslifer | Feb 7, 2025 | Commentary for the Week, NumberNomics Notes
February 7, 2025 This past week we learned about wild swings in employment the past three months combined with a steady decline in the workweek which does not seem to make a lot of sense. The Bureau of Labor Statistics said that the wildfires in California and the...
by sslifer | Feb 7, 2025 | Employment, NumberNomics Notes
February 7, 2025 Payroll employment climbed by 143 thousand in January after having risen by 307 thousand in December and 261 thousand in November. The December gain was revised upwards by 51 thousand while November was revised upwards by 49 thousand. In the past...
by sslifer | Feb 7, 2025 | Employment, NumberNomics Notes
February 7, 2025 Private sector employment climbed by 111 thousand in January after having risen by 273 thousand in December and 244 thousand in November. In the past three months the average increase has been 209 thousand. The Bureau of Labor Statistics said,...
by sslifer | Feb 7, 2025 | Employment, NumberNomics Notes
February 7, 2025 The unemployment rate declined 0.1% in January to 4.0% after declining 0.1% in December. The Bureau of Labor Statistics said that after adjustment for revision to population, civilian employment rose 234 thousand in January. This compares to an...
by sslifer | Feb 7, 2025 | Employment, NumberNomics Notes
February 7, 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 143 thousand in January. The December gain was revised upwards by 51...
by sslifer | Feb 7, 2025 | Employment, NumberNomics Notes
February 7, 2025 Average hourly earnings rose 0.5% in January to $35.87 after having gained 0.3% in December. Earnings growth in the past year has been 4.1%. While nominal earnings have risen 4.1% in the past year, inflation has risen fairly quickly and real or...
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