payrolls

Initial Unemployment Claims at Levels Not Seen Since 1973

The DOL reported people filing for initial unemployment insurance benefits in the week ending on July 18th, 2015 was 255,000, a 26,000 decrease from the previous week of 281,000.  The DOL proclaims this is the largest drop since November 24th, 1973, when initial claims was 233,000.  The DOL also states this is no statistical anomaly.  Graphed below is initial claims.

 

January's Jobs Report Shows Strong Payroll Growth for 2014

The BLS employment report is another good showing for payroll jobs as growth was 257,000.  January is the month of revisions and November 2014 is now a 423,000 jobs added blowout with December 2014 not far behind with 329,000 jobs added.  We're on year eight after the start of the great recession and 2014 is finally when America started seeing some jobs growth.

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.

 

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