Payroll Employment

September 6, 2019 .Private employment r rose 130 thousand in August after having risen 159 thousand in July and 178 thousand in June.   A better reading of what is truly going on is typically represented by the  3-month moving average of private employment which is...

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...

Average Duration of Unemployment

September 6, 2019 .The average duration of unemployment rose rose 2.5 weeks in August to 22.1 weeks after having declined 2.6 weeks in July.  This series bounces around from month to month, but it does seem to still be declining slowly. While the unemployment rate has...

ADP Employment

September 5, 2019 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...

Initial Unemployment Claims

September 5, 2019 Initial unemployment claims rose 1 thousand in the week ending August 31 to 217 thousand.  The four-week average of claims rose 1 thousand to 216 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...