Employmnet Situation – June 2016

By |2016-11-17T15:45:57+00:00July 12th, 2016|Categories: Lagging|Tags: , |

May was indeed an odd outlier in what is otherwise a still favorable trend for the labor market. June nonfarm payrolls surged a much stronger-than-expected 287,000 vs a downward revised and recovery low increase of only 11,000 in May. June's strength is led by a 38,000 gain for professional & business services, a closely watched area that is especially sensitive to changes in labor demand. Telecommunications, which fell 32,000 in May during the Verizon strike, rose 28,000 [...]

Employment Situation – April 2016

By |2016-11-17T15:51:16+00:00May 10th, 2016|Categories: Lagging|Tags: , , |

Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Job losses continued in mining. Government is also a weak spot in April, down 11,000, with retail also showing weakness, down 3,000 after a series of outsized gains. The change in total nonfarm payroll employment for February was [...]

Employment Situation – February 2016

By |2016-11-17T15:56:12+00:00March 8th, 2016|Categories: Leading|Tags: , |

The labor market is adding jobs at a very strong rate. Nonfarm payrolls rose 242,000 in February. Adding to the punch are upward revisions to the two prior months totaling 30,000. A negative in the report is a 0.1 percent decline in average hourly earnings that follows, however, January's outsized 0.5 percent gain. Year-on-year, average hourly earnings are down 3 tenths to 2.2 percent. Another negative is a dip in the workweek to 34.4 hours which also, [...]