Nonfarm Workweek

January 10, 2020 In any given month employers can boost output by either additional hiring or by lengthening the number of  hours that their employees work.  Payroll employment for December rose 145 thousand.  On average jobs are climbing by about 185 thousand per...

Gathering Momentum

July 7, 2017 GDP growth in the second quarter now seems likely to be 3.0% rather the 2.5% pace we had been projecting earlier.  This upward revision came about because of a strong employment report for June combined with upward revisions to the data for April and May....