I haven’t posted this in a few months. The BLS diffusion index for total private employment was at 53.5 in August, down from 57.8 in July. For manufacturing, the diffusion index was at 51.3, down from 53.9 in August. Think of this as a measure of how widespread job gains are across industries. The...
Read more »

Earlier on the employment report: • June Employment Report: 195,000 Jobs, 7.6% Unemployment Rate • Employment Report: More Hiring, Wages Up, Still Weak Labor Market A few more employment graphs by request … Duration of Unemployment This graph shows the duration of unemployment as a percent of the civilian labor force. The graph shows...
Read more »

Below are three more graphs based on the June employment report. For more employment graphs and analysis, see: • June Employment Report: 80,000 Jobs, 8.2% Unemployment Rate • Employment: Another Weak Report (more graphs) • Percent Job Losses: Great Recession and Great Depression • All Employment Graphs Participation Rate The following graph shows the...
Read more »