Nonfarm Workweek

September 6, 2019 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 August rose 130 thousand after having risen 159 thousand in July and 178 thousand in...

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....

Still Chugging Along

  August 5, 2016 In the wake of a surprisingly small 1.2% increase in second quarter GDP, payroll employment rose a reassuring 255 thousand in July on top of a 292 thousand increase in June.  While employment has expanded rapidly in the past two months and third...