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”

US Job Cuts Fall To Lowest Since May 1993

US companies Job cuts fell 34.8 percent from a month earlier in November 2021 and 77 percent from a year earlier to 14,875. This was the lowest since May 1993. Companies are battling to keep workers amid a tight labor market.  The technology sector had the most job cuts with 1980. While not a surprise, the severity underscores the impact that has caught Fed officials off guard Job Cuts Highlights Companies in the technology sector announced the most job cuts … Continue reading “US Job Cuts Fall To Lowest Since May 1993”

ADP Reports US Added 534K Jobs In November With Service Sector Adding 424K

Private payroll company ADP reported that US jobs grew 534,000 in November. The US Labor Department will report It’s jobs report on Friday. October added downwardly revised 570K increase with market expectations Adding 525K. ADP US November 2021 Employment Report ADP report private businesses in the United States hired 534 thousand workers in November 2021, compared with a downwardly revised 570 thousand increase in October and beating market expectations of a 525 thousand rise, as the labor market continued to … Continue reading “ADP Reports US Added 534K Jobs In November With Service Sector Adding 424K”

US Initial Jobless Claims Hit Lowest Since 1969

Initial jobless claims continue to fall. Americans filing for unemployment benefits fell to the lowest level of initial claims since November 15, 1969. The labor market continues to recover from the coronavirus economic burdens. Initial claims by 71,000 to 199,000 in the week ended November 20th. Demand for workers remains strong as the economy rebounds. US initial jobless claims and continuing claims for current week Initial jobless claims 20 Nov 199K vs 265K estimate. Prior week 268k revised to 270k … Continue reading “US Initial Jobless Claims Hit Lowest Since 1969”

US Jobless Claims Hit New Pandemic Low

Americans filing for unemployment benefits fell to a new pandemic low as the labor market continues to slowly recover from the coronavirus economic burdens. Initial claims by 1K to 268K in the week ended November 13th. Demand for workers remains strong. However claims remain above the 2019 weekly average of 218K.  US initial jobless claims and continuing claims for current week Initial jobless claims 12 Nov 268K vs 260K estimate. Prior week 267k revised to 269 This is the lowest … Continue reading “US Jobless Claims Hit New Pandemic Low”

Australian Employment Hit by Reopening of Victoria and NSW

Australia saw much weaker than expected employment as the reopening of the country after the Covid Lockdown was not captured in the report.   Unemployment rose to 5.2% from 4.8% expected. An even bigger miss in employment change, losing -46.3K jobs versus an expected 50K gain and prior -138K October Jobs Highlights Employment Change: -46.3K for an ugly miss indeed expected 50K, prior -138K Unemployment Rate: 5.2% expected 4.8%, prior 4.6% Full-Time Employment Change: -40.4K prior was 26.7K Part-Time Employment … Continue reading “Australian Employment Hit by Reopening of Victoria and NSW”

US Added 531,000 Jobs in October With Lower Unemployment Rate as Participation Slips Again

US in October added 531k non-farm payrolls jobs more than forecasted 425k. September prev 1945K (revised to +312K). Unemployment rate fell to 4.7%. US Average Hourly Earnings (M/M) rose 0.4% Change in private payrolls +604K Change in manufacturing payrolls +60K

US Added Just 194,000 Jobs in September With Lower Unemployment Rate as Participation Slips

US in September added just 194k non-farm payrolls jobs less than forecasted 500k. August prev 235K (revised to +366K). Unemployment rate fell to 4.8%. US Average Hourly Earnings (M/M) rose 0.6% as wages pick not encouraging for the transitory argument

US added 943,000 Jobs in July as Unemployment Fell to 5.4% As Many Benefits Were Discontinued

US in July added 943K non-farm payrolls jobs more than forecasted 850k as private payrolls added jobs. 703K June prev 850k was revised to 938k. Unemployment rate fell to 5.4% from 5.7%. US Average Hourly Earnings (M/M) rose to 0.4%.