…other industries has been more gradual. The unemployment rate and wage growth has been also broadly consistent with labor supply as a key driver. The unemployment rate rose in July,…

…decline in manufacturing employment as of June of 102,000. However, the QCEW showed a drop in manufacturing employment of 208,000, 1.6 percent of employment in the sector. While Dean uses…

…month, and along with real personal spending, the two best measures of that sector. Further, because of their leading albeit noisy relationship with employment, they are particularly important right now,…

The August employment report shows the economy continuing with its very sluggish pace. Although the unemployment rate fell it was due more to a contracting labor force rather than expanding…

This was another disappointing employment report It is looking more and more like the stronger numbers last winter stemmed more from the mild weather rather than a strengthening of underlying…

…needed some good news and compared to reduced expectations the employment report provided it. Private payrolls rose by 117,000 a level much better than the last two months data. Even…

By recent norms this was an unusual employment report in that the data worked the way we would like to see. In the household survey the unemployment rate fell to…

…the last expansion, wage growth is a long lagging indicator. It tends to increase only after unemployment (or even better, underemployment) falls to a level where labor begins to have…

Scenes from the July employment report  – by New Deal democrat On Friday I noted that the July employment report was a perfectly good, solid one in absolute terms, but that…

…without noting the poor ADP employment report for November this morning. The graph below shows industrial and manufacturing production for this year, together with the ADP employment trend and the…