By request, here is an update on an earlier post through the March employment report. Note: I added President Carter. Important: There are many differences between these periods. Overall employment was smaller in the ’80s, so a different comparison might be to look at the percentage change.   Of course the participation rate was increasing...
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The forecasts for the employment report have been moving up all week, although there is some concern about adverse weather in December, especially during the BLS reference week. We will know soon … Jon Hilsenrath has an interesting Q&A at the WSJ: Q&A: Fed’s Williams on Upbeat 2014 Outlook and What Keeps Him up...
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By request, here is an update on an earlier post through the September employment report. In April, I posted two graphs comparing changes in public and private sector payrolls during the Bush and Obama presidencies. Several readers asked if I could add Presidents Reagan and Clinton (I’ve also added the single term of President...
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From economist Sven Jari Stehn at Goldman Sachs on the employment report: We expect a 200,000 gain in nonfarm payrolls in July (a bit above consensus), as well as a decline in the unemployment rate to 7.5% (in line with consensus). As far as payrolls are concerned, our forecast would be in line with...
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First, LPS released their Mortgage Monitor report for April today.   According to LPS, 6.21% of mortgages were delinquent in April, down from 6.59% in March LPS reports that 3.17% of mortgages were in the foreclosure process, down from 4.20% in April 2012. This gives a total of 9.38% delinquent or in foreclosure. It breaks down as:...
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Last month I posted two graphs comparing changes in public and private sector payrolls during the Bush and Obama presidencies. Several readers asked if I could add Presidents Reagan and Clinton (I’ve also added the single term of President George H.W. Bush). Important: There are many differences between these periods. Overall employment was smaller...
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On Friday, at 8:30 AM ET, the BLS will release the employment report for October. The consensus is for an increase of 125,000 non-farm payroll jobs in September, slightly more than the 114,000 payroll jobs added in September. The consensus is for the unemployment rate to increase to 7.9%. This month the ADP employment...
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At 8:30 AM ET on Friday, the employment report for August will be released. The consensus is for an increase of 125,000 non-farm payroll jobs in August, down from the 163,000 jobs added in July. The consensus is for the unemployment rate to be unchanged at 8.3%. Some previews: From Tim Duy at EconomistsView:...
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From the BLS: Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little...
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The housing market remains in the trenches, but underlying fundamentals show a recovery is possible as long as employment continues to tick up, Capital Economics said Friday. The economy added 200,000 jobs in December, which could push residential real estate forward if it is met with lower prices and looser underwriting standards, analysts at...
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