This week’s chart summarizes the recent strength of the job market. According to the Bureau of Labor Statistics, job growth accelerated sharply in March, as the economy gained 916,000 jobs over the month, the largest monthly gain since August 2020.
Tag: Payroll Growth
MBA Chart of the Week Apr. 12 2021: Monthly Payroll Growth/Unemployment Rate
This week’s chart summarizes the recent strength of the job market. According to the Bureau of Labor Statistics, job growth accelerated sharply in March, as the economy gained 916,000 jobs over the month, the largest monthly gain since August 2020.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
The economy added a record 4.8 million jobs to nonfarm payrolls in June, bringing the cumulative increase in May and June to one-third of the sharp decreases in March and April. Similarly, the June unemployment rate, at 11.1%, was down 3.6% from its high in April, and labor force participation jumped by 0.7% to 61.5% (1.9% below its pre-coronavirus level in February). However, we are not yet out of the woods.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
The economy added a record 4.8 million jobs to nonfarm payrolls in June, bringing the cumulative increase in May and June to one-third of the sharp decreases in March and April. Similarly, the June unemployment rate, at 11.1%, was down 3.6% from its high in April, and labor force participation jumped by 0.7% to 61.5% (1.9% below its pre-coronavirus level in February). However, we are not yet out of the woods.