employment

JOLTS Shows Job Hiring Strong

The BLS February 2016 JOLTS report shows very high job openings once again.  Job openings have more than recovered from the recession and now job openings are greater than the number of new hires.  Actual hiring has also reached prerecession levels and is at a nine year high.  The Job Openings and Labor Turnover Survey shows there are now 1.4 official unemployed per job opening for February 2016.

Unemployment Report Shows Signs of Life in Labor Participation Rate

The March 2016 unemployment report shows some interesting movements.  The official unemployment rate ticked up 0.1 percentage points to 5.0% yet this is actually good news as more people came out of the woodwork and participated in the labor force.  The labor force grew by almost 400 thousand and those employed shot up by another 246 thousand.

BLS Household Survey Report Holds Promising Unemployment Numbers

The February 2016 unemployment report is being reported as great news once again.  The official unemployment rate is 4.9%, a rate not seen since February 2008 and no change from January.  Overall, this month's CPS does have some great news in it.  There were over half a million more employed than the previous month and those not in the labor force declined by over 300 thousand.

Unemployment Report Starts the Year By Breaking the 5% Unemployment Rate Barrier, Big Deal

The January 2016 unemployment report is being reported as nothing but good news.  The official unemployment rate is 4.9%, a rate not seen since February 2008.  This is the weird month where annual population adjustments are applied and not backwards adjusted.

December Unemployment Report Belies Other Economic Metrics

The December unemployment report seems like nothing but good news.  The official unemployment rate did not change and is 5.0%.  The ranks of employed swelled and those not in the labor force shrank.  The labor participate rate ticked up a tenth of a percentage point to stand at a still very low 62.6%.  Overall, this month's CPS report belies some of the other ominous economic news.

 

Unemployment Report Shows Steady As She Goes Again

The November unemployment report is another OK type of report.  Less people were dropped out of the labor force for the month and the labor participation rate did tick up a tenth of a percentage point from the October 1977 record low.  The official unemployment rate did not change and is 5.0%.  Overall, this month's report is on the positive side.

 

October Is A Positive Unemployment Report

The October unemployment report is a pleasant surprise in comparison to recent months.  Less people were dropped out of the labor force for the month, a welcome change.  The labor participation rate though did not change from the October 1977 record lows.  The official unemployment rate did tick down a tenth of a percentage point to 5.0%.  Overall, this month's report is a surprise on the positive side.

 

Over Half a Million Drop Out of Labor Force, Participation Rate at Record Low

The September unemployment report is really a disaster.  Yet another 579,000 people dropped out of the labor force.  The labor participation rate dropped to record lows not seen since October 1977.  That's 38 years ago.  Even more disturbing is how the unemployment rate is really undermined as a reading on the state of labor.  The official unemployment rate did not change at all and remained at 5.1%.

Job Openings at Record, Hires Not So Much

The BLS JOLTS report shows once again record high job openings.  While Wall Street cheers and proclaims the long bad jobs market over, not so fast.  Actual hiring still has not recovered to even the 2007 prerecession levels.  The Job Openings and Labor Turnover Survey shows there are 1.4 official unemployed per job opening for July 2015.

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