Scenes from the April jobs report
…they are definitely *not* leading sectors. Federal government employment, for example, frequently goes *up* during recessions: (Unfortunately, FRED doesn’t give me a way to separate out census employment, which is…
…they are definitely *not* leading sectors. Federal government employment, for example, frequently goes *up* during recessions: (Unfortunately, FRED doesn’t give me a way to separate out census employment, which is…
…people who aren’t even in the labor force, because they haven’t looked for work, but tell the Census Bureau that they do want a job now. In the below graph,…
…this pattern was being repeated. However, in August the Bureau of labor Statistics (BLS) rebenchmarked the data to more recent Census data. They announced that it would lower reported employment…
…average of 138,000 per month. If we subtract this month’s temporary census hiring of 25,000, those numbers drop to 939,000 and 134,000, respectively: And keep in mind that the number…
…per month, which If we subtract temporary census hiring of 26,000, becomes 139,000. And keep in mind that the number of jobs added between March 2018 and March 2019 is…
…the share of people who aren’t even in the labor force at present but say they want a job now, this shortfall is *by definition* people who told the Census…
…of 151,000 per month, including census hiring, a distinct slowdown from 2018’s pace of 205,000: Next, let’s update the three leading sectors of employment that I have been tracking: temporary…
…optimistic. While I am discussing trade it may be timely to warn about the price indices for import constructed by the BLS and Census. The data for these price indices…
…data from the 2000 census. All mortality rates are expressed per 100,000 person-years. State and subpopulation-specific changes in firearm mortality rates in the period 1999–2014 were compared to those in…
…– but to only the second highest numbers of the entire expansion. Here’s the graph from the Census Bureau: This is extremely bullish for the economy at the end of…