employment

There Were 1.9 Persons Per Job Opening in October 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 1.9 official unemployed per job opening for October 2014.  Job openings were around 4.8 million.   Job openings returned to pre-recession levels while hires has increased 33% since June 2009.  In just the private sector job openings have also recovered to precession levels while private hires have increased 40% from their 2009 lows.

November Employment Report Household Survey Shows Static Statistics

The BLS Npvember current population survey unemployment report shows almost a static situation from last month, unlike the reported payroll gains portion of the jobs report.  The unemployment rate did not change and is still 5.8%.  The labor participation rate also did not change from the very low, 62.8%.  Even the unemployed's increase of 115,000 is statistically insignificant.

October Household Survey Shows Employment Situation Truly Improving

The BLS October current population survey unemployment report shows steady improvement in the unemployment situation continuing in 2014.  The unemployment rate dropped to 5.8%, a rate not seen since July 2008.  The unemployment rate dropped another one tenth of a percentage point on a dramatic monthly increase in employed as well as a drop in those unemployed.  Those not in the labor force also declined for the month.

There Were Two Unemployed Persons Per Job Opening in August 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.0 official unemployed per job opening for August 2014.  Job openings were around 4.8 million with hiring coming in at a lower rate than July.   Job openings returned to precession levels while hires have only increased 27% since June 2009.

The Magical Shrinking Unemployment Rate

The September current population survey unemployment report dropped to 5.9% and all sing hallelujah the job crisis is over.  The unemployment rate hasn't been this low since July 2008.  The unemployment rate dropped two tenths of a percentage point in a month, but why it dropped is more interesting.  The main reason is the decline in those participating in the jobs market.

Jolts Report Shows 2.6 Unemployed Per Job Opening in January 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.6 official unemployed per job opening for January 2014.  Job openings were around four million yet hires and separations are almost equal, keeping the job market fairly static.   Job openings have increased 85% from July 2009, while hires have only increased 24% from the same time period.

Winter Polar Vortex Didn't Freeze The Unemployment Report

The February current population survey unemployment report is just plain weird and it is not due to weather.  First, the unemployment rate is an artificial 6.7%.  The unemployment rate increased by 0.1 percentage points due to more people being officially counted as unemployed.  Yet, the employment level is basically static, almost unchanged from last month, along with the labor participation rate.

Another Month, Another Piss Poor Jobs Report

The BLS employment report shows total nonfarm payroll jobs gained were another dismal 113,000 for January 2014, with private payrolls adding 142,000 jobs.  Government jobs decreased by -29,000.  The silver lining of the jobs report is while the government continues to cut, cut, cut, there wasn't a lot of growth in crappy jobs and gains achieved were in typically higher paying ones.  The U.S. post office alone shed 9,000 jobs.

December's Dismal Payrolls Mark Recession Six Year Anniversary

The BLS employment report shows total nonfarm payroll jobs gained were a paltry 74,000 for December 2013, with private payrolls adding 87,000 jobs.  Government jobs decreased by -13,000.  Worse, 40,400 of jobs gained were temporary ones.  That's over half, 54.6%, of December's jobs were temporary.

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