This is the second time in two years that hurricanes have affected the jobs count. Indeed, the first edition of the number from last September had a minus sign on it. So, one of the things that we have to keep in mind as we look at the year-over-year comparisons is that last year was a […]
The headline on the payrolls report was less than what the consensus forecast said it should be(+185,000) Some folks, who did not look at this chart or one like it, interpreted the news as weak. Those of us who know how to read an employment report, factored in the revisions and saw, as the note […]
Forward progress with fits and starts is the way this series behaves during expansions. Because of that, we pay more attention to the trend than we do to the month-to-month changes. The upward trend is intact, and the there are many reasons to think that it will remain intact for some time. Subscribe now!
Not much change here, we are still close to the existing cycle high and position to set a new one. This number will have to start moving lower on a consistent basis before we think we have reason to worry about a business cycle peak. Subscribe now!
By the thinnest of margins, this series just set a new low for this expansion. And, I also added a column to the table that shows the interval from the last three cycle lows to the next cycle peak, with the date of that cycle peak. Based on the numbers in the table, this chart […]
The people who are counted here have told the BLS that they are working part-time because they want to. This would include students, and persons who don’t wish to work full time for a variety of personal and/or family reasons. This chart is behaving the way that it always has, namely employment rises in expansions […]
The BLS divides those who work part-time into two categories. Those who have to work part-time are counted here as doing so for economic reasons. Either their employer limits their hours to less than 35 per week, or the only work they could find was part-time. So, they are here because they have to be. […]
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