Employment Report – January 2016

By |2016-11-17T15:59:42+00:00February 9th, 2016|Categories: Lagging|Tags: |

Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining. The change in total nonfarm payroll employment for November was revised from +252,000 to +280,000, and the change for December was [...]

Employment Report – December 2015

By |2016-11-17T16:01:41+00:00January 12th, 2016|Categories: Lagging|Tags: |

The labor market is stronger than most assessments with December results well outside top-end estimates and big upward revisions underscoring the strength of prior months. Nonfarm payrolls jumped 292,000 in December which is 92,000 above the consensus. The gain importantly is led by professional & business services which is considered a leading component for future hiring and which rose 73,000 for the second outsized gain of the last three months. Construction, boosted by the nation's unseasonable weather, [...]

Employment Situation – November 2015

By |2016-11-17T16:03:29+00:00December 8th, 2015|Categories: Leading|Tags: |

Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs. The change in total nonfarm payroll employment for September was revised from +137,000 to +145,000, and the change from October was revised from +271,000 to +298,000. With these revisions, employment gains in September and [...]

Employment Situation – October 2015

By |2016-11-17T16:05:03+00:00November 15th, 2015|Categories: Leading|Tags: |

Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. The change in total nonfarm payroll employment for August was revised from +136,000 to +153,000, and the change for September was revised from +142,000 to +137,000. With these revisions, employment gains [...]

Back to School / Back to Work

By |2016-11-17T16:10:20+00:00September 3rd, 2015|Categories: Global Market Update|Tags: , , |

Will the start of the school year set monetary policy? When I was growing up, schools opened after Labor Day. My brothers and I loved those last, lazy days of August—playing pickup football, or fishing, or just hanging out. And later, when I worked during the summer, I enjoyed earning one more week of extra spending money. I’m pretty sure our teachers appreciated that time as well. Photo: Maria Bavuso. Source: Morguefile But as the school year has [...]

Employment report – March 2015

By |2016-11-17T16:22:14+00:00April 7th, 2015|Categories: Leading|Tags: |

The labor market has softened in several aspects. Payroll jobs increased a mere 126,000 in March after increases of 264,000 in February and 201,000 in January. January and February were revised down a net 69,000. Market expectations for March were for a 247,000 increase. The unemployment rate held steady at 5.5 percent and matched expectations. The labor force participation rate edged down marginally to 62.7 percent from 62.8 percent in February. Turning back to the establishment survey, [...]

Employment Report – February 2015

By |2016-11-17T16:24:16+00:00March 10th, 2015|Categories: Lagging|Tags: , |

Payroll jobs increased 295,000 in February after healthy increases of 239,000 in January and 329,000 in December. January and December were revised down a net 18,000. Market expectations for February were for a 230,000 increase. The unemployment rate dipped to 5.5 percent from 5.7 percent in January. Analysts forecast 5.6 percent. The labor force participation rate edged down marginally to 62.8 percent from 62.9 percent in December. Turning back to the establishment survey, private payrolls increased 288,000 [...]

A Super-Duper Bowl

By |2013-02-01T10:16:42+00:00February 1st, 2013|Categories: Global Market Update|Tags: , , , |

Most people will be looking to watch the Super Bowl on Sunday. But for economics mavens, the Super Bowl is today. At 8:30 am the Bureau of Labor Statistics releases its annual benchmark revision, along with the monthly employment report. At the same time, manufacturing data, consumer sentiment data, and car sales numbers are coming out. It’s a statistical feast! […]