I would describe the data in this post as fair at best, worrisome at worst. The slow recovery continues. From the BLS report for September that was delayed by the shutdown: Total nonfarm payroll employment rose by 148,000 in September,…
Tag: Unemployment rate
U.S. adds 169,000 jobs in August, unemployment rate 7.3 percent
Another decent if unextraordinary jobs report this morning. From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau of Labor Statistics reported…
Georgia’s unemployment rate now 5th worst in the nation, Savannah job growth stagnating, and other bad employment news
In a number of my City Talk columns in recent months, I’ve mentioned a crucial paradox: the downtown area in Savannah is attracting major investment, but local employment has been stagnating. Consider: Whole Foods and Kate Spade just opened, Anthropologie…
Another solid employment report: U.S. added 162,000 jobs in July
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and…
More on the employment recovery and the labor force participation rate
An earlier post noted a few details from today’s relatively solid employment situation summary from the Bureau of Labor Statistics. Calculated Risk has obviously posted several updated graphs, which give a good, if very general, sense of just what’s been…
U.S. economy adds 195,000 jobs in June; unemployment rate unchanged at 7.6%
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in leisure and hospitality, professional and…
U.S. economy added 175,000 jobs in May, unemployment rate at 7.6 percent
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services,…
U.S. economy adds a healthy 236,000 jobs in February; unemployment slips to 7.7%
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, construction,…
U.S. economy added 155,000 jobs in December, unemployment rate unchanged at 7.8%
A few weeks ago, it was widely assumed that fears of going over the so-called “fiscal cliff” would cause employment to stagnate.
Things didn’t really work out that way. Hiring continued at a decent pace in December.
U.S. economy added 146,000 jobs in November; unemployment rate drops to 7.7%
This is a shockingly good report. The disruptions Hurricane Sandy were expected to have a significant negative impact on these numbers.
Notes from an improving economy: California
From Calculated Risk: “Recently I’ve been talking to a few friends from around the country, and they all seemed unaware that the California economy is clearly improving. California is seeing a pickup in employment, the delinquency rate is falling, and I wouldn’t be surprised if California reports a balanced budget soon.”
A few employment graphs — key trends
As I’ve said many times before, we’d all like to see these graphs looking stronger, but there was really no plausible scenario for that to happen given the dynamics of the financial crisis, the housing bust, and the collapse in new construction. More stimulus efforts from governments at all levels would have helped, for sure, but any serious effort was politically impossible.
The latest jobs report (171,000 jobs, 7.9% unemployment) and what it should mean for the election
Moments ago, the Bureau of Labor Statistics estimated that the nation added 171,000 jobs in October. That number (like all of those is here) is adjusted for seasonality. And that’s a pretty good number — it suggests that our recovery…
About Obama’s 2009 claim that the stimulus would keep unemployment below 8% . . .
Should the Obama administration have pushed for an even larger stimulus package? It would have helped the economy in the short run but it would have created even more debt.
Could the Obama administration have gotten a larger package through Congress if their numbers had been more accurate from the beginning? I kind of doubt it.
Should the Obama administration have not pushed for a stimulus package at all and just let the economy keep spiraling downward?