June Jobs Report Beats Estimates

Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.

Employment Data Positive Ahead of Friday’s Jobs Report

Two key indicators of U.S. employment—the ADP National Employment Report and the Labor Department’s Initial Claims report—showed improvement ahead of this morning’s Employment report from the Bureau of Labor Statistics.

January Employment Shows Solid 467,000 Gain

For the first time in months, the Employment Report from the Bureau of Labor Statistics exceeded expectations: employers added 467,000 jobs in January, despite a surge in Omicron-variant coronavirus cases, BLS reported Friday.

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The [Bureau of Labor Statistics employment report] showed employment up by more than one million in July, as the number of unemployed fell and more people returned to the labor force. Although there are concerns regarding the impact of the delta variant, these data show an economy that was continuing to recover in July.”
–MBA Chief Economist Mike Fratantoni

April Jobs Numbers Come in Well Below Consensus

In the days ahead of last Friday’s employment report from the Bureau of Labor Statistics, prognosticators went big, with consensus anticipating nearly one million new April jobs and even one economist confidently predicting 2.1 million new jobs. Alas, nearly everyone was wrong.