by Administrator | Oct 24, 2018 | No Spin News
This is normal. And, for the benefit of the “gamed numbers” crowd, we just saw the same thing happen in manufacturing. Revisions are part of the process. And, for those of you just glancing down at the right side of chart and wondering about the spike to high side in...
by Administrator | Oct 23, 2018 | No Spin News
The upward move that you see on the chart and in the table is mostly the result of the problems we had last year depressing the denominator in this ratio. This is a good time to mention that the interpretation of any large move in any ratio requires that you spend...
by Administrator | Oct 22, 2018 | No Spin News
The last two reports are providing strong confirmation of the anecdotal evidence we have seen about hiring in the trucking sector. Based on what we know about the supply and demand for trucks, we would expect this trend to continue for some time. Changes to operating...
by Administrator | Oct 21, 2018 | No Spin News
The 23,000 person gain in construction employment was dominated by the 15,500 person contribution from specialty trade contractors. Those are the folks who finish buildings, both residential and nonresidential. Employment at builders was little changed. The rest of...
by Administrator | Oct 19, 2018 | No Spin News
Manufacturing was up by 18,000 in September as durable goods makers added 17,000 persons to their payrolls. A small, but important event was the revision of the August number from a small negative to the small positive you see here. Why is this important? Because it...
by Administrator | Oct 18, 2018 | No Spin News
The juggernaut continues to move ahead, paced by large gains at both hospitals and ambulatory care facilities. At the rate things are going, I don’t think it will be too long before health care, currently employing 16,092,800 persons, passes leisure and hospitality,...
by Administrator | Oct 17, 2018 | No Spin News
As was the case last year, leisure and hospitality took a hit because of the storm. And, as we just said, because this year’s storm was where it was, the hit to employment was much smaller. And, as you also might expect, any rebound will be equally muted compared to...
by Administrator | Oct 15, 2018 | No Spin News
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...
by Administrator | Oct 13, 2018 | No Spin News
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...
by Administrator | Oct 11, 2018 | No Spin News
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...
