…the headlines, the “gold standard” for actual employment gains and losses is the Quarterly Census of Employment and Wages (QCEW), which as its name indicates, unlike the payrolls report is…

…strong. The big weakness was on the unemployment side, where the unemployment rate, underemployment rate, number of newly unemployed, and those not in the labor force who want a job…

…among SNAP and Medicaid recipients leave little room to increase employment rates further. When people (who are not working) have conditions that make it difficult to find and keep employment…

…employment growth was accounted for by immigration? Basically, all of it. Here’s employment growth between 2019 and 2024, in thousands: Why do I choose that specific time period? Because 2019…

…percent of a percent) in the unemployment rate. Since last autumn the unemployment rate was 4.1% or 4.2%: this forecasts a rate of 4.3% or 4.4% for September. Which, as…

…bright spots first: construction employment, and wage growth. Despite the pounding that the housing market has taken, residential construction employment made a new post-pandemic high in November. And the residential…

…the middle of 2024. United States ISM Manufacturing Employment This suggests a further decline in goods-producing jobs when we get the December employment report at the end of this week….

…we got two important portions of that sketch. First, the ADP private employment report indicated an increase of only 22,000 jobs in January (blue), with only 1,000 of those in…

In a Nut Shell? The title tells it all as to what is occurring when looking at the Household Employment release. Civilian Labor force for May increased by 83,000 over…

The headline numbers in the employment report were very weak as payroll employment rose by only 88,000 and the household survey reported a -206,000 drop in employment while the labor…