payrolls

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.

Initial Unemployment Claims Gone Wild

The DOL reported people filing for initial unemployment insurance benefits in the week ending on December 21th, 2013 was 338,000, a 42,000 decrease from the previous week of 373,000.  Many headlines proclaim this is the largest drop since November 2012, yet what the press does not mention is that very time period in 2012 also had wild, whacky statistical swings.

A Graphic Look at Payrolls from the September Employment Report

The BLS unemployment report shows total nonfarm payroll jobs gained were 148,000 for September 2013, with private payrolls adding 126,000 jobs.  Government jobs increased by 22,000.  Additionally 20,000 of September's jobs were temporary ones.   Overall job growth was barely enough to keep up with the growing population.

 

What's Going On With Initial Unemployment Claims?

The DOL reported people filing for initial unemployment insurance benefits in the week ending on October 12th, 2013 was 358,000, a 15,000 decrease from the previous week of 373,000.  The problem is these figures are really out of whack and we have one state to blame, California. We've seen strange soarings in initial claims before yet this was unexpected to occur again.

Initial Unemployment Claims Imply Payroll Growth for Septmber 2013

The DOL reported people filing for initial unemployment insurance benefits in the week ending on September 28th, 2013 was 308,000, a 1,000 increase from the previous week of 307,000.  Since the monthly unemployment report will not be released due to the shutdown, we show below the correlation of initial unemployment claims to payroll growth.

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