173,500 payroll jobs added on average per month in 12 months, instead of 242,000, but above 2018-2019 average of 171,900: preliminary annual benchmark revisions. By Wolf Richter for WOLF STREET. The Bureau of Labor Statistics today released its […]
By Wolf Richter for WOLF STREET. Payrolls at employers rose by 114,000 in July, below the growth in June and May. Back in April, job growth was even lower (108,000), and we went through the same handwringing. This […]
By Wolf Richter for WOLF STREET. Look, today’s jobs report shows why we don’t get too excited about the month-to-month squiggles in the jobs data (blue lines in the charts below). The labor market doesn’t turn around from […]
New all-time highs: Construction, Professional & Business Services, Healthcare, Wholesale trade. Layoffs whack Information. By Wolf Richter for WOLF STREET. Earlier today, we discussed the overall labor market. But each industry faces its own unique labor market. In […]
By Wolf Richter for WOLF STREET. In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over […]
By Wolf Richter for WOLF STREET. The employment data today poured some cold water on the raging Rate-Cut Mania: The 10-year yield spiked by 17 basis points within a couple of hours. But surely, they’re going to try […]
Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining. By Wolf Richter for WOLF STREET. in the jobs data for December on Friday, we saw what we’d […]
Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs […]
Dow Jones futures turned higher Wednesday morning after stronger-than-expected jobs data, and ahead of more testimony from Federal Reserve Chair Jerome Powell. Tesla (TSLA) stock dropped 1.5% on an investigation into detached steering wheels, threatening […]
Reading the mainstream media’s reaction to today’s payrolls report, one would be left with the impression that it was generally on the goldilocks side and indicative of a possible soft-landing – consider this from Bloomberg: […]
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