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”

US Strong Wage and Job Gains in January with Private Payrolls Adding 444k New Jobs

US in January added 467k non-farm payrolls jobs, more than forecasted 150k. December previous 199K revised to +510K. Wages increased more than expected and the jobless rate rose to 4.0% from 3.9%. US Average Hourly Earnings (M/M) rose 0.7%. Change in private payrolls +444K Change in manufacturing payrolls -6K December 2021 U.S. Employment Report The Covid-19 virus again threatens the global economy again.  Is this Deja vu? As the world’s economy was shut down and much of America had stay … Continue reading “US Strong Wage and Job Gains in January with Private Payrolls Adding 444k New Jobs”

American Private Businesses in January 2022 Cut Jobs First Time Since December 2020

ADP reported that in January private businesses in the United States unexpectedly cut 301K jobs, versus a consensus of a job gain of 207K. The report showed the first job loss since December of 2020 and the biggest since April 2020. Business sentiment has been hurt by the spread of the omicron coronavirus variant, rising interest rates and concerns about the US Administration’s handling of the economy. January 2022 U.S. Employment Report The Covid-19 virus again threatens the global economy … Continue reading “American Private Businesses in January 2022 Cut Jobs First Time Since December 2020”

Impact of Omicron Variant Spikes Initial Jobless Claims to Highest Level Since October

Initial jobless claims spiked higher this week by 55,000 to 286,000 depicting the negative impact the Omicron variant is having on an already tight labor market. The four-week moving average for initial claims increased by 20,000 to 231,000, up from at 199,250, the lowest it had been since October 25, 1969, which reflected the tightness of the labor market before Omicron. Americans filing for unemployment benefits had fallen to the lowest level of initial claims in 52 years. The BLS … Continue reading “Impact of Omicron Variant Spikes Initial Jobless Claims to Highest Level Since October”

US Added Lowest New Jobs In 12 Months in December with Just 199,000 But Wages Higher

US in December added 199k non-farm payrolls jobs, less than forecasted 450k. November previous 210K revised to +249K. Wages increased more than expected and the jobless rate fell to the lowest since February 2020 to 3.9%. US Average Hourly Earnings (M/M) rose 0.6%. Change in private payrolls +211K Change in manufacturing payrolls +26K December 2021 U.S. Employment Report The Covid-19 virus again threatens the global economy again.  Is this Deja vu? As the world’s economy was shut down and much … Continue reading “US Added Lowest New Jobs In 12 Months in December with Just 199,000 But Wages Higher”

52 Year Low Initial Jobless Claims Underscores the Tightness of US Labor Market

Initial jobless claims continue to fall. The four-week moving average for initial claims at 199,250 is the lowest it has been since October 25, 1969, which reflects the tightness of the labor market. Americans filing for unemployment benefits fell to the lowest level of initial claims in 52 years. The labor market continues to recover from the coronavirus economic burdens. Demand for workers remains strong as the economy rebounds. US initial jobless claims and continuing claims for current week Initial … Continue reading “52 Year Low Initial Jobless Claims Underscores the Tightness of US Labor Market”

US Added Lowest New Jobs In 11 Months in November With Just 235,000

US in November added 235k non-farm payrolls jobs, less than forecasted 536k. October previous 531K revised to +604K. Unemployment rate fell to 4.2%. US Average Hourly Earnings (M/M) rose 0.3% Change in private payrolls +235K Change in manufacturing payrolls +31K November 2021 U.S. Employment Report The Covid-19 virus again threatens the global economy again.  Is this Deja vu? As the world’s economy was shut down and much of America had stay at home orders the threat of Oricon is causing … Continue reading “US Added Lowest New Jobs In 11 Months in November With Just 235,000”