…control, the economy is going to accelerate. I use retail sales as a very good short leading indicator for employment. Because the series is somewhat noisy, I use the YoY%…

Jobless claims: the employment sector of the economy continues to do just fine [Note: I’ll comment on this morning’s retail sales report for March separately] Initial jobless claims rose 18,000…

…local government employment is 599,000 below pre-pandemic levels, and state government employment is 57,000 below pre-pandemic levels. The unemployment rate was unchanged at 3.6 percent for the fourth consecutive month.”…

…it was in a similar phase after the Great Recession. Employment-to-population ratio (EPOP). Or the employment rate for all racial groups has increased from January 2021 to January 2022. The…

…initial jobless claims (which lead the unemployment rate) through last week vs. the unemployment rate through last Friday’s report: I certainly do not expect any further decline in unemployment, and…

Durable goods orders come in mixed; leaving only employment indicators as short term positives for the economy  – by New Deal democrat Manufacturers’ durable goods orders, and in particular “core”…

…indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. Almost all of these items did deteriorate in July. Here’s…

…the unemployment rate turns down after recessions, and indeed only when the U-6 underemployment rate declines to the 8%-9% area. And indeed it is suggesting that nonsupervisory wage gains will…

What happens to employment when the minimum wage is increased? USAFacts Open thread and QOTD, Angry Bear, Joel Eissenberg, November 8…

…initial claims lead the unemployment rate by several months, that suggests an unemployment rate declining to about 3.6% in a few months (i.e., 3.5%*1.035=3.6%) from a more elevated 3.8%-4.0% level:…