…Pay particular attention to employment: In the 30 years before the pandemic, YoY employment growth was never as low as it is now outside of recessions except during the severe…

…manuacturing employment sector; but like the ISM services report, significant contraction in the services employment sector. Next, as has been widely reported, ADP indicated that 42,000 private sector jobs were…

…paid and received, and employment – softened. At the same time, only the headline business conditions sentiment and employment were negative. When we examine both the manufacturing and services sector…

…on the prices paid and employment subindexes, as in the absence of current employment or inflation data are more important now.  Prices paid (the ISM does not report on prices received downstream)…

…has argued that trade deficits are the source of manufacturing employment decline. Manufacturing employment as a fraction of total employment has been declining in the United States (a country that…

…in grey. Let’s start with what has been the most moribund reading — that on employment. On Monday, we saw that manufacturing employment got “less bad,” improving to 48.8. This…

…compete for workers. The seminal source for modeling labor markets as situations where employers have substantial wage-setting power is Manning (2003). Mannimg describes this situation as one of “monopsony” power…

A really well done basic reading of the employment to population ratio is done by Bill McBride at Calculated Risk, and includes a mention of Paul Krugman’s article on the…

…household report *delined* by -328,000 jobs. The above household number factors into the unemployment and underemployment rates below. U3 unemployment rate rose 0.2% to 3.7%. U6 underemployment rate rose 0.1%…

…stimulus-fueled retail sales will ultimately revert to employment growth. The reason is that people can ultimately only spend what they earn. As shown, the disconnect between retail sales and employment…