10:10 AM, Nov 7, 2014 • By GEOFFREY NORMAN
The monthly BLS report on unemployment comes in under expectations which were for some 235,000 news jobs. So the 214,000 is a downside miss. However, the new benchmark for “good, not great” seems to be a monthly increase in of 200,000. And the economy has hit that number for nine consecutive months.
Wage growth is now what economist are looking for as an indication that the economy is kicking into a higher gear. Less to celebrate in those numbers. As:
… year-over-year increase in hourly earnings for private nonfarm employees was 2% in October. That’s in line with sluggish wage growth characterized throughout the recovery.
But, then, labor force participation increased. Fewer people on the sidelines. More people out there looking for work and, even, finding it.
(For the contrarian take on this, go here.)
So a good, solid report indicating that maybe the “recovery” is over the staggers and getting steadier on its feet.
9:39 AM, Oct 1, 2014 • By GEOFFREY NORMAN
Coming in ahead of the unemployment figure for September, which will be released on Friday, and tomorrow’s weekly first-time-claims number, the ADP jobs report might be some sort of harbinger.
10:00 AM, May 21, 2014 • By MARK HEMINGWAY
A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month.
9:13 AM, May 2, 2014 • By GEOFFREY NORMAN
Non-farm payrolls beat expectations. Quite handsomely. As Michelle Jamrisko of Bloomberg reports:
Employers boosted payrolls in April by the most in two years and the jobless rate plunged to 6.3 percent as companies grew confident the U.S. economy is emerging from a first-quarter slowdown.
4:31 PM, Mar 28, 2014 • By GEOFFREY NORMAN
Ben Casselman at 538, on unemployment and underemployment, starting from this point.
10:30 AM, Mar 21, 2014 • By GEOFFREY NORMAN
Long-term unemployment, in some cases, does not even show up in the jobless figures released monthly by the Labor Department and eagerly anticipated by the political spinners standing by to mold them into partisan shape. Many of those whose unemployment has been prolonged simply give up; something that is confirmed by a recent study from a former Obama administration economic advisor. As Ben Casselman of 538 writes:
Conservatives and the unemployed.Mar 3, 2014, Vol. 19, No. 24 • By IRWIN M. STELZER
Millions of Americans, glutted with benefits that until now have seemed likely to be renewed and renewed again, have suddenly become devoid of ambition, shed the work ethic, and taken to the couch and the TV remote. Or found a back pain or emotional problem that entitles them to the even higher benefits designed to ameliorate the plight of truly disabled workers.
11:00 AM, Feb 20, 2014 • By JERYL BIER
A recently released Department of Agriculture (USDA) report on the "Food Assistance Landscape" for the fiscal year 2013 shows that for the second year in a row, participation in the federal government's SNAP (food stamps)
8:31 AM, Jan 10, 2014 • By DANIEL HALPER
The latest jobs numbers from the U.S. Bureau of Labor Statistics:
The unemployment rate declined from 7.0 percent to 6.7 percent in December, while total nonfarm payroll employment edged up (+74,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and wholesale trade but was down in information. …
Household Survey Data
11:44 AM, Jan 7, 2014 • By MICHAEL WARREN
House speaker John Boehner released a statement Tuesday concerning "'emergency' unemployment insurance" (Boehner's quotation marks) and criticizing President Obama for not offering a plan to extend unemployment insurance that would include provisions to "put people back to work." Here's the statement:
12:00 AM, Dec 7, 2013 • By IRWIN M. STELZER
“Everything’s coming up roses,” a mother reassures her daughter in Gypsy, the 1959 musical chronicling the rise of burlesque dancer Gypsy Rose Lee.
9:12 AM, Oct 17, 2013 • By GEOFFREY NORMAN
Those employed by the government may be back at work but many, many others are not. Which has been the case for so long now that it is no longer news. Not so long as it is possible to discuss who won and who lost the epic Battle of the Ceiling.