by sslifer | Dec 6, 2024 | Employment, NumberNomics Notes
December 6, 2024 The unemployment rate rose 0.1% in November to 4.2% after having been unchanged in October. In November the labor force fell 193 thousand.. Employment declined 355 thousand. As a result, the number of unemployed workers rose by 161 thousand and the...
by sslifer | Dec 6, 2024 | Employment, NumberNomics Notes
December 6, 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 jumped by 227 thousand in November. At the same time the nonfarm workweek rose...
by sslifer | Dec 6, 2024 | Employment, NumberNomics Notes
December 6, 2024 Average hourly earnings rose 0.4% in November to $35.61 after increasing 0.4% in October. Earnings growth has slowed from 4.3% at the end of last year to 4.0% currently. The earlier decline in earnings appears to reflect the flood of workers from...
by sslifer | Dec 6, 2024 | Employment, NumberNomics Notes
December 6, 2024 The average duration of unemployment rose 0.8 week in November to 23.7 weeks after climbing 0.3 week in October, 0.6 week in September, and 0.4 week in August. It appears that unemployment workers are having a somewhat more difficult time becoming...
by sslifer | Dec 4, 2024 | NumberNomics Notes, Retail Sales
December 4, 2024 Unit car and truck sales rose 1.5% in November to 16.495 million after climbing 3.1% in October and 3.4% in September. Car sales in recent months seem to be picking up from the 15.5-16.0 million pace that existed for more than a year. We saw GDP...
by sslifer | Dec 4, 2024 | Employment, NumberNomics Notes
December 4, 2024 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later. And well it should. ADP, or Automatic Data Processing, Inc. is a provider of...
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