American employment continued to rebound in April, with the strongest private-sector rise in more than five years. While overall job gains are still tepid versus average gains in prior U.S. economic recoveries, the stronger data of recent months is most welcome. The U.S. economy added an estimated 244,000 net new jobs in April, more than [...]
Archive of posts tagged unemployment rate
A Noisy Soggy Mushy Jobs Report
The weather-impacted January employment report was described by various financial market analysts and economists as lousy, confusing, mysterious, frustrating, noisy, favorable, confounding, and most any other descriptor you can imagine. Suffice to say that we will need to see the February report in early March to get any much needed clarity. Officially, the U.S. economy [...]
Jobs
The story is getting old… …the latest employment report was a downer, especially when compared to the garden variety of data supporting the notion that the U.S. economy is gaining strength. Stronger U.S. job gains are coming soon! The U.S. economy added a disappointing 103,000 net new jobs during December, roughly 60,000 less than expected. [...]
Steroid Failure
One more time around the dismal American job creation track as employment data continues to disappoint. The combination of massive government spending and unprecedented monetary stimulus has largely failed to ignite the economy Too bad such economic “steroids” have been packaged with the Administration’s anti-business rhetoric and actions of the past two years. The weak [...]
Less “Double Dip”
U.S. employment data remained on the weak side in August. At the same time, revisions to prior data, as well as slightly-stronger-than-expected new information regarding manufacturing, consumer confidence, and retail sales, has lessened talk of another downturn—the infamous double dip—in coming months. The American economy suffered a net loss of 54,000 jobs in August, less [...]
Job Somber
U.S. employment news was disappointing again in July. American business leaders simply remain wary of Washington’s anti-business stance and rhetoric…and prefer to enhance earnings through cost-cutting investments in technology and finding more creative ways to maximize current employment levels. The American economy lost 131,000 net jobs in July, about 70,000 worse than expected. The loss [...]
No Pizzazz
An overview of U.S. employment data of the past two months clearly illustrates that one cannot take the “headline” numbers at full value, but must look inside the data… to illustrate… The American economy added 431,000 net new jobs in May, the largest jump in monthly employment in 10 years—but wait a minute. Forecasters had [...]
Baby Steps
…better and better Check out the pattern underway in the chart below. American monthly job performance has gone from the worst since the Great Depression to stronger and stronger data in a classic pattern. The pattern is likely to continue over the next few months as hundreds of thousands of temporary Census jobs are added [...]
Best of Three
The long-awaited transition to American job growth continues… …it’s about time The American economy saw a net rise of 162,000 jobs during March, the strongest monthly gain in three years. The reported gain was slightly below expectations of a rise of 190,000 jobs. However, job data of the two prior months was revised to show [...]
Noise and Transition
The February U.S. employment data was subject to wide interpretation in regard to how the labor market is performing, with nasty East Coast weather during much of February greatly impacting the data. Economists refer to such data influence as “noise.” Still, the overall gist of the data was positive, with a transition to announced employment [...]
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