Job growth slowed to just 22,000 jobs in August and estimates for the prior two months were revised down by 21,000. Here’s MBA’s analysis.
Tag: Unemployment Rate
Chart of the Week: Unemployment by Duration
Fed officials have pointed to their “data dependence” regarding decisions about future rate cuts. These November employment data support a cut at the December meeting and MBA forecasts that the Fed will continue to reduce short-term rates in 2025, although they are likely to slow the pace of cuts.
Unemployment Rate Increases But Remains Low
The unemployment rate increased in February for the first time since last summer, the Bureau of Labor Statistics reported Friday. But it remains low by historical standards at 3.9%.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
Friday’s report from the Bureau of Labor Statistics showed that the job market remained relatively strong in December, with growth in payrolls of 216,000 – just below the monthly average of 225,000 for full-year 2023.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
This week’s Chart of the Week highlights the October Employment Situation results released Friday.
Economy Adds 209,000 Jobs in June
Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.
May Employment Up 559,000; Unemployment Rate Drops to 5.8%
Total nonfarm payroll employment rose by 559,000 in May, the Bureau of Labor Statistics reported Friday—up substantially from May’s tepid numbers but still below consensus expectations, as hiring slowly recovers from the coronavirus pandemic.
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.
Unemployment Insurance Claims Jump Back Above 1 Million
Americans filing initial unemployment claims jumped back above one million for the week ending Aug. 15, the Labor Department said, suggesting a more difficult climb out of the economic hole triggered by the coronavirus pandemic.
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.