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Archive for December, 2018

30
Dec

Strong gains in full-time employment are the most welcome news in these reports. This is far more important than the headline rate of unemployment for the simple reason that, until you know what brought about the headline rate of unemployment, you don’t know whether the number represents good or bad news. When you see full-time […]

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20
Dec

The 5,000 person gain in construction employment was the net result of the gains in employment associated with the construction of buildings being partially offset by declines in the hiring associated with the finishing of buildings. Over the past eleven months we have added 240,000 jobs in the construction sector. That gain represents 10.8% of […]

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19
Dec

Manufacturing employment continued the string of month-to-month gains that started in August of 2017. The November gain of 27,000 was almost equally balanced between gains in durable goods manufacturing (+15,000) and nondurables (+12,000). Over the past eleven months manufacturing employment has risen by 249,000, which is 11.2% of the total gain in private payroll employment. […]

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18
Dec

Retail employment was up by a net of 18,200 in November, as the 39,300-person gain in general merchandise stores was largely offset by declines at building material stores (-10,900) and sporting goods, hobby, book and music stores (-14,100). It being November, one has to be careful using the first version of the retail employment numbers. […]

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