Disheartened job seekers who fled the labor market in mass during the height of the recession have begun to return putting pressure on the US unemployment rate. Based on a simple interpolation the U.S. labor force today should total 157.2mn, however due to the exodus of job seekers the labor force presently amounts to only […]
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unemployment
Here’s the latest state-by-state unemployment data from the BLS. The arrows indicate an increase or decrease in the rate from December 2009 to January 2010. Source: BLS
Here is an interesting read regarding job losses due to the space shuttle’s retirement: http://www.floridatoday.com/article/20100226/NEWS0204/2260321/23-000-now-expected-to-lose-jobs-after-shuttle-retirement The unemployment rate in Florida is already running well above the national average: Source: Bloomberg
In September non-farm payrolls declined 263k, versus a consensus forecast of -175k, and a revised decline in August of -201K. Payrolls have now declined for 21 consecutive months. Over the last 21 months 7.2mn people have lost their jobs. September’s unemployment rate rose to 9.8% from 9.7%, this was inline with expectations, but the highest […]
Payrolls in the US fell by -247,000 in July, with the unemployment rate moving to 9.4% from 9.5%. This compares to last month’s revised change of -443K, and a consensus forecast of -300K. This number exceeds both the streets and my own expectations. The drop in the unemployment rate was caused by a reported decrease […]
Following last week’s mixed data, the market will be searching for indications of the strength and timing of a US economic recovery — and there will be plenty of places to look. In contrast to the relative quiet of the past several weeks, a slew of economic indicators pertaining to jobs and manufacturing should be […]