A new ADP Payroll Report shows job gains of 202,000 from November to December 2019 far surpassing expectations. The increase was the largest gain since April ’19: “largest gain since April, driven mainly by professional and business services. Job creation was strong across companies of all sizes, led predominantly by mid-sized companies.” The ADP National […]
Black Unemployment Lowest Level Recorded…
Larry Kudlow: 590k New Jobs in the Household Survey…”America Is Spending, Saving and Producing” (VIDEO)…
For the First Time in 11 Years, 80% of Americans in Their Prime Are Working…
August Report: 130,000 Jobs Added, Annual Wage Growth 3.2%, Three Month Wage Growth 4.2%…
The Bureau of Labor Statistics released the August Jobs Report showing 130,000 jobs added during the month. Year-over-year wage growth remains 3.2%, with a very strong three month wage growth showing gains of 4.2%. Overall the top line growth of 130k jobs sounds modest; but jumpin’ ju-ju bones, the data underneath the top line is […]
Here We Go: Fed “Finds” That Negative Rates Would Have Helped the Recovery
Several days ago, the ECB sparked the ire of pretty much anyone with a working frontal lobe when it made the indefensible claim that, drumroll, QE had helped reduce inequality. ECB asset purchases have reduced inequality in the eurozone, our research shows. They have especially benefited low-income households, which suffer the most from unemployment. That’s […]
Jobless Claims Fall to the Lowest Level Since 1969…
New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969. Forecasters had expected new jobless claims to edge up to around 220,000. Instead, fewer people sought unemployment insurance than anytime in 48 years. Thursday’s benchmark is especially […]
Milestone for U.S. Job Market: More Openings Than Unemployed…
For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage for pay raises. The number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department […]
For the First Time Ever, America Has Enough Jobs for Everyone…
There were a record 6.6 million job openings at the end of March, the Labor Department said. With unemployment down at 3.9 percent, that means there are enough jobs to employ everyone looking to work for the first time since the data began to be collected. Not everyone will get a job, as openings are […]