Labor Market Analysis
12 Threads
The economy added 206K jobs in June, continuing at about the same pace it has all year. The unemployment rate rose by 0.1pp but at the same time participation rose 0.1pp so the em...
The latest Jolts report suggests job turnover continued to cool in November Openings fell below 9 million using a three-month moving average, the lowest in 2½ years There were 1....
1/6 The weekly reading on the initial claims for unemployment insurance is out today. 204k filed for a claim last week. This is another beat (est. 214k) and still at the lowest l...
April 2023 #JOLTS Thread Job openings back up to 10.1 million at the end of April, a rise of 358k from March. More than half of that rise is from Retail Trade
1/2 JOLTS *US JOB OPENINGS ROSE TO 11.01MLN IN DEC. FROM 10.44MLN So, 600k new job openings were created in December. The US now has more than 11 million open jobs (orange). W...
The ECI # showed encouraging signs of disinflation even in a labor shortage economy, which raises possibility that inflation can decline w less slack than standard models suggest....
Today's US macro monthly numbers include: Another month of declining consumption (0.2% in December after down 0.1% in November); and Core PCE inflation inline with consensus fo...
Yesterday's BLS BED report getting a lot of traction from the 'we are already in recession' camp because it implies neg 2Q22 job growth. Folks fail to note the BED is a statically...
This is your weekly reminder that the US labor market remains secularly tight. The broad, strong labor market data in Dec continues into the Jan period on a SA and NSA basis acros...
The labor market eased in October as both job openings and quits fell (and unemployed rose, which we knew already). Overall there are now 1.7 job openings for every unemployed wor...
Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7% https://t.co/HTe7PJUGmc
In some absolute sense labor markets are tighter today than they were six months ago but nominal wage growth as measured in the employment report is also lower. Three possibilitie...