Job Market Monitor
BLS
Why Today’s Unemployment Report Should Be Taken With A Grain of Salt
Three times today I’ve been asked on media outlets about the likely effect on the presidential election of Friday’s jobs report, depending on what the Bureau of Labor Statistics announces. Unfortunately, the BLS report is likely to sway some voters — and therefore have an impact on this tight race. But it shouldn’t. The report … Continue reading
US – 27 states recorded unemployment rate increases
Regional and state unemployment rates were little changed in June. Twenty-seven states recorded unemployment rate increases, 11 states and the District of Columbia posted rate decreases, and 12 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-seven states and the District of Columbia registered unemployment rate decreases from a year earlier, while three states experienced increases. … Continue reading
Job Statistics | A 200,000 gap makes the Job Report meaningless
Last Fridays’s Bureau of Labor Statistics release said 115,000 new jobs were created in April. However, if you read the footnotes, what Friday’s report really says was that the BLS is 90% certain that April new jobs were between 15,000 and 215,000. Mind you, the BLS did not say 100% only 90% certain. That means … Continue reading
US | Nonfarm payroll employment up by 115,000 and the unemployment rate at 8.1%
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing… Source: via Employment Situation Summary. Why Did the Unemployment Rate Drop? The … Continue reading
U.S. | Hiring at highest level in more than 3 years
There were 3.5 million job openings on the last business day of February, little changed from January, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.1percent) were little changed in February. The job openings rate, at 2.6 percent, has trended upward since the end of the recession in … Continue reading
U.S. | Businesses add a disappointing 120,000 jobs in March
U.S. | BLS Commissioner’s Statement on the Employment Situation (Adapted excerpts by Lab Market Monitor) Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate, at 8.2 percent, changed little. Over the prior 3 months, nonfarm job growth had averaged 246,000 per month. Since a recent low point in February 2010, payroll employment has … Continue reading
U.S. | Occupational Outlook Handbook 2012–13 edition
“It can be difficult choosing a career. When planning for the future, knowing which occupations are expected to grow—and which aren’t—is valuable information” writes the US Bureau of Labor Statistics. (Adapted Excrpts by Job Market Monitor to follow) The Occupational Outlook Handbook (OOH), published every 2 years by the U.S. Bureau of Labor Statistics (BLS), features … Continue reading
U.S. | Less Than 6 out of 10 in employment, much worse than that of any of the other four recent recessions
The employment-population ratio is another useful measure for evaluating labor market conditions, as it provides a somewhat different perspective than the unemployment rate. The labor force—the denominator used in the calculation of the unemployment rate—may expand or contract in response to changes in the pace of economic activity. In contrast, the civilian noninstitutional population, the … Continue reading
Eight states and the District of Columbia reported unemployment rates of 10.0 percent or more in 2011 | 2011 Unemployment rate by State – Annual Average
In 2011, 30 states posted statistically significant unemployment rate decreases, the largest of which was in Michigan (-2.4 percentage points). Four additional states experienced decreases greater than 1.0 percentage point: Ohio (-1.4 points), Utah (-1.3 points), Oregon (-1.2 points), and Indiana (-1.1 points). The remaining 20 states and the District of Columbia reported annual average unemployment rates for 2011 that … Continue reading
The BLS Thinks These Jobs Will Grow a Lot. I Think They’re Wrong.
In a post at The Atlantic, Jordan Weissmann draws a couple interesting graphs using data from the BLS’s recently-released projections of job growth to 2020. Weissmann concentrates on those jobs that require only a high-school diploma or less, and points out the surprising stat that 63% of all US jobs created (12.8 million total) will be … Continue reading
How Economists Tally Unemployment—and Its Affect on the Black Jobless Rate – COLORLINES
When the black unemployment numbers dropped so steeply in January—from 15.7 to 12.7 percent—a lot of analysts were scratching their heads to figure out why. One told us that it was “quite surprising,” but there would be no way to know what the numbers meant or whether they were accurate until we saw if the … Continue reading
Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again
As The Bonddad Blog pointed out last week, this Gallup data isn’t seasonally adjusted (in fact it says that in the chart right up there). Since it’s not seasonally adjusted, you have to look at it year over year, and guess what. And guess what, a year ago Gallup was at 10% and BLS was at … Continue reading
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