employment

April JOLTS Shows Job Openings Strong While Hiring Slides

The BLS April 2016 JOLTS report shows job openings once again matching their July 2015 record high.  Actual hiring though slid and openings now far exceed the number of people hired.  The Job Openings and Labor Turnover Survey history shows a new trend as job openings have surpassed actual hiring and this has been going on since February 2015.

Record Low 4.7% Unemployment Rate Hides Ominous Signs

The May 2016 unemployment report on the surface sounds like great news.  The unemployment rate dropped to an astoundingly low 4.7%.  This is a -0.3 percentage point drop from last month and a level not seen since November 2007.  Yet the statistics which make up the unemployment rate actually shows something terrible.  The unemployment rate dropped because 664,000 people dropped out of the labor force with almost half a million no longer counted as unemployed.

Unemployment Report Reverts as Half a Million Drop Out of Labor Force...Again

The April 2016 unemployment report shows some disturbing developments behind the numbers.  While the official unemployment rate did not change and stayed at 5.0%, over half a million dropped out of the labor force during the month and over three hundred thousand are no longer employed.  The labor participation rate dropped by 0.2 percentage points as did the civilian participation rate.

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.

 

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