May jobs report: this is the kind of report you see at negative inflection points HEADLINES: +75,000 jobs added U3 unemployment rate unchanged at 3.6% U6 underemployment rate declined -0.2%…

Consumer spending leads employment — but what leads consumer spending? One relationship I have consistently flogged for the past decade is that consumer spending leads employment. That’s still true. Here…

Initial jobless claims: employment damage continues to spread Now that there is more than one month of data from initial and continuing jobless claims since the coronavirus lockdowns started, we…

…employment (green in the graphs below) has historically followed manufacturing production with a lag of several months. Here’s the long term YoY look since 1984 (employment x2 for scale): The…

…609,000 jobs, which factors into the unemployment and underemployment rates below. U3 unemployment rate declined 0.2% to 6.0%, compared with the January 2020 low of 3.5%, and the April 2020…

…850,000 Jobs in June, Unemployment Rate Rises to 5.9% The Employment Situation Summary for June indicated an increase in payroll jobs that was both above expectations and the most in 10 months,…

…graph of the 4 week average of new jobless claims through this morning’s report (right scale), compared with the unemployment rate (left): Last month the unemployment rate rose from its…

Jobless claims hoist yellow flag again; employment and unemployment likely to show further deceleration tomorrow  – by New Deal democrat Initial jobless claims rose 13,000 to 242,000 last week, while…

This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment  – by New Deal democrat No important economic data…

…that unionized workers are 64% more likely to have employment-provided health insurance and 63% more likely to have employment-provided retirement benefits than their non-union counterparts. About 80% of union workers…