…what was worse this time. The decline in construction employment was larger than the decline in .com and cable laying employment — so the amount of rebalancing (and the amount…

…the US today manufacturing employment equal to 12.2 percent rather than 8.6 percent of nonfarm employment. That represents a gap between reality and one theoretical alternative world of 5.4 million…

…and also add another +0.6% or so from underemployment to complete employment before we can say that the the economy is operating at “full employment.” And we are almost 8…

Scenes from the May employment report: expect more lackluster reports, and layoffs in manufacturing Three months ago when the poor February jobs report came out, I was just about the…

…    So long as the employment situation continues like this, I see little chance of any imminent downturn. Needless to say, the employment situation continues to be good. Finally,…

…which is “(employment + unemployment)/population.” Unless you think that the 1997-2001 levels should be the norm, it certainly looks like we are at or very close to “full employment.”Next, here…

…the pandemic. But, turning to employment, historically consumption has led employment (/2) by several months (albeit with lots of noise), and has an even closer relationship with aggregate hours (all…

The unemployment rate is not *uniquely* overestimating the “true” employment situation Bill McBride a/k/a Calculated Risk put up an entry over the weekend positing that the employment situation is worse…

…was due to adjustments in December and January data. RJS, MarketWatch 666, Employers Add 467,000 Jobs in January, Unemployment Rate Rises to 4.0% The Employment Situation Summary for January from the Bureau…

Scenes from the August employment report – and a warning  – by New Deal democrat The weekly lull after last Friday’s employment report will end tomorrow. In the meantime, let’s take…