US Payrolls Add Robust 528k in July with 471k in New Private Jobs

US July nonfarm payrolls rose by 528,000 (consensus 250,000) with June’s a revised 372K new jobs. June unemployment rate was 3.5% (consensus 3.6%), versus 3.6% in June and slightly above before the pandemic became widespread in the U.S. in February 2020. Wages grew 5.2% on the year, down from 5.2% in June. In the face of surging inflation June average hourly earnings rose 0.5% (consensus 0.3%) The change in private payrolls +471K, more than the +230K expected. July 2022 US … Continue reading “US Payrolls Add Robust 528k in July with 471k in New Private Jobs”

US Adds Jobs in June with Government Only Major Category Shedding Jobs.

US June nonfarm payrolls rose by 372,000 (consensus 268,000) with May’s a revised 384K new jobs. June unemployment rate was 3.6% (consensus 3.6%), versus 3.6% in May and slightly above before the pandemic became widespread in the U.S. in February 2020. Wages grew 5.1% on the year, down from 5.3% in May. In the face of surging inflation June average hourly earnings rose 0.3% (consensus 0.3%) The change in private payrolls +381K, more than the +240K expected. June 2022 US … Continue reading “US Adds Jobs in June with Government Only Major Category Shedding Jobs.”

US Job Openings Rise in May to 11.254M Up From 11.00M in April

The JOLTS survey showed Job openings in the U.S. rose to 11.254 million in May. Layoffs and discharges remained around 1.4 million, while hires and total separations changed little at 6.5 million and 6.0 million, respectively. JOLTS is the Job Openings and Labor Turnover Survey published by the BLS. The largest decreases were in real estate and rental and leasing (-30,000) and in state and local government education (-28,000). The BLS reports the May Jobs Report Friday. Over the 12 … Continue reading “US Job Openings Rise in May to 11.254M Up From 11.00M in April”

US Shows Solid Job Gains in May but at Slowest Pace of Growth in a Year

US May nonfarm payrolls rose by 390,000 (consensus 391,000) with April’s also a revised 428K new jobs. May unemployment rate was 3.6% (consensus 3.5%), versus 3.6% in April and slightly above before the pandemic became widespread in the U.S. in February 2020. Wages grew 5.2% on the year, down from 5.5% in April. In the face of surging inflation May average hourly earnings rose 0.3% (consensus 0.4%) The change in private payrolls +406K, more than the +380K expected. May 2022 … Continue reading “US Shows Solid Job Gains in May but at Slowest Pace of Growth in a Year”

ADP Reports US Added Just 128K Jobs in May at Slowest Pace Since Covid Lockdowns

Private payroll company ADP reported that US jobs grew 128,000 in May 2022, with 91,000 lost jobs among small businesses. The US Labor Department will report its jobs report on Friday. April added downwardly revised 202K with market expectations adding 300K. The tight labor market, rising interest rates and elevated inflation are the main catalysts for weakness ADP US May 2022 Employment Report Job loss was worst among businesses with less than 20 employees, which saw employment fall by 78,000 … Continue reading “ADP Reports US Added Just 128K Jobs in May at Slowest Pace Since Covid Lockdowns”

US Job Openings for April 11.400M Down From 11.855M in March

The JOLTS survey showed Job openings in the U.S. fell to 11.4 million in April. Layoffs and discharges also fell to a series low 1.2 million, while hires and total separations changed little at 6.6 million and 6.0 million, respectively. JOLTS is the Job Openings and Labor Turnover Survey published by the BLS. The largest decreases were in healthcare and social assistance (-266K), the largest increases were in transportation, warehousing, and utilities (+97K). The BLS reports the May Jobs Report … Continue reading “US Job Openings for April 11.400M Down From 11.855M in March”

US Shows Strong Job Gains in April with Unemployment Approaching 50-Year Low

US April nonfarm payrolls rose by 428,000 (consensus 391,000) with March’s also a revised 428K new jobs. April unemployment rate was 3.6% (consensus 3.5%), versus 3.6% in March. In the face of surging inflation April average hourly earnings rose 0.3% (consensus 0.4%) The change in private payrolls +406K, more than the +380K expected. May 2022 U.S. Employment Report The jobless rate stayed at 3.6% the Labor Department reported Friday. The unemployment rate is quickly approaching the February 2020 pre-pandemic rate … Continue reading “US Shows Strong Job Gains in April with Unemployment Approaching 50-Year Low”

US Shows Strong Job Gains in March with Unemployment Approaching 50-Year Low

US March nonfarm payrolls rose by 431,000 (consensus 490,000) with February’s +678K revised up to +750K). The report marked the 11th straight month of job gains above 400,000, the longest such stretch of growth in records dating back to 1939. March unemployment rate was 3.6% (consensus 3.7%), versus 3.8% in February. In the face of surging inflation March average hourly earnings rose 0.4% (consensus 0.4%) The change in private payrolls +426K was less than the +480K expected. March 2022 U.S. … Continue reading “US Shows Strong Job Gains in March with Unemployment Approaching 50-Year Low”

ADP Reports US Added 455K Jobs in March with Service Sector Adding 377K

Private payroll company ADP reported that US jobs grew 455,000 in March 2022. The US Labor Department will report It’s jobs report on Friday. February added upwardly revised 486K increase with market expectations adding 450K. ADP US March 2022 Employment Report ADP report private businesses in the United States hired 455 thousand workers in March 2022, compared with an upwardly revised 550 thousand increases in February and beating market expectations of a 450 thousand rise, as the labor market continued … Continue reading “ADP Reports US Added 455K Jobs in March with Service Sector Adding 377K”

US Shows Strong Job Gains in February But Hourly Earnings Unchanged Despite Surging Inflation

US February nonfarm payrolls rose by 678,000 (consensus 400,000). The 3-month average for total nonfarm payrolls rose to 582,000 from 572,000. February unemployment rate was 3.8% (consensus 3.9%), versus 4.0% in January. In the face of surging inflation February average hourly earnings were unchanged (consensus 0.5%) versus a downwardly revised 0.6% increase (from 0.7%) in January. December 2021 U.S. Employment Report After Covid-19 virus threatened the global economy, war and inflation threatens any recovery again.  Is this Deja vu? As … Continue reading “US Shows Strong Job Gains in February But Hourly Earnings Unchanged Despite Surging Inflation”