Average Duration of Unemployment

February 7, 2020 The average duration of unemployment rose 0.6 week in January to 20.8 weeks after having fallen 1.4 weeks in December.  This series bounces around from month to month, but it does seem to still be declining slowly. While the unemployment rate has...

Initial Unemployment Claims

February 6, 2020 Initial unemployment claims fell 15 thousand in the week ending February 1 to 202 thousand.  The four-week average of claims declined 3 thousand to 212 thousand.  The 4-week average for the week of April 13, 2019 202 thousand was the lowest for the...

ADP Employment

February 5, 2020 .As shown above the ADP survey shows an impressive 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...

The Beat Goes On

January 31, 2020 Fourth quarter GDP growth continued onward and upward at a 2.1% pace.  This means that GDP came in at 2.3% for 2019.  In fact, the annual growth rates for GDP have exceeded the 2.0% mark every year since 2012.  While there have been quarterly wiggles,...