by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 2024 Private sector employment jumped by 233 thousand in March after having risen 206 thousand in February and 196 thousand in January. In the past three months the average increase has been 212 thousand. The March increase was larger than the 180 thousand...
by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 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 climbed by 303 thousand in March. At the same time the nonfarm workweek rose 0.1 hour...
by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 2024 The average duration of unemployment rose 0.6 week in March to 21.6 weeks after having risen 0.1 week in February. Its current level is roughly where it was prior to the recession in early 2020. After declining slowly for more than one year, it has...
by sslifer | Apr 3, 2024 | Employment, NumberNomics Notes
April 3, 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...
by sslifer | Mar 28, 2024 | Consumer, NumberNomics Notes
March 28, 2024 The .final estimate of consumer sentiment for March rose 2.5 points to 79.4 compared to the preliminary estimate which showed a decline of 0.5 point. Surveys of Consumers Director Joanne Hsu said, “.Critically, consumers exhibited confidence that...
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