U.S. Bureau of Labor Statistics

Just Over 500,000 Fewer Jobs Created in the US Since 2018

The Bureau of Labor Statistics (BLS) recently announced the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. Accordingly, the U.S. economy had about 501,000 ...
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Only 7,000 People Are Unemployed in This State

Unemployment continues to hover near a five-decade low. In July, the national figure held at 3.7%. However, the rate varies considerably from state to state. One small state had the ...
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How to Fill the 7.35 Million Job Openings in America

After last week's unemployment and payrolls report for July, the U.S. Department of Labor has released its monthly Job Openings and Labor Turnover Survey. The report is for June, as ...
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Will July Employment Report Lift Hopes of Further Fed Rate Cuts?

Friday's key economic data point came from the Bureau of Labor Statistics (BLS) employment situation report for July. The unemployment rate remained unchanged at 3.7% and the U.S. economy added ...
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Federal Reserve’s Inflation Targets Still Elusive

The Federal Reserve really wants inflation to be at or close to 2.0% per year, and it has a threshold for up to 2.5% inflation before it worries that prices ...
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Careful What You Wish For: Weak May Payrolls Meet Lower Revisions for April and March

It has to be an interesting time when the stock market is hoping for slower growth and weaker economic news. That's a recipe that might just tempt Jerome Powell and ...
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Unemployment in These 3 States Post All-Time Lows

The Bureau of Labor Statistics has released its monthly unemployment numbers by state. The BLS collection and posting of state job statistics began in 1976. Three states had their lowest ...
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April Showers Means More Jobs for the Economy

If you were expecting a weak jobs report, this was the wrong first Friday of the month for you. ADP had telegraphed a very strong private sector payrolls report earlier ...
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March Payrolls and Unemployment Act as a Goldilocks Report for the Economy

It looks like the fears about the jobs market might have been misguided. All the warning signs were signaling that the jobs market strength was waning, but the Bureau of ...
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More Evidence That Jobs Market Is Peaking

Since the robust growth of the economy began to peter out in late 2018, economists, business owners and investors alike have looked to see if the jobs market would begin ...
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The Real Unemployment Rate Is Nearly Double What You Think

The unemployment rate for February was released by the U.S. Bureau of Labor Statistics (BLS). Economists worried that the country added only 20,000 jobs for the most recent period, well ...
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Weak Payrolls May Have Issues Ahead Other Than Just Weaker Business Trends

Some reports from the U.S. Department of Labor show stronger than expected monthly payroll gains, while others do not. The case for February was the latter. The U.S. economy reported ...
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Will the Fed Notice the Inflation Trends Ahead?

In the Federal Reserve's endless quest to raise interest rates in the past two years, one of the big concerns with a strong economy and with better wage growth was ...
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Strong Economy Conundrum: 1 Million More Job Openings Than Available Workers

It turns out that the jobs market can keep improving. In the Job Openings and Labor Turnover Survey (JOLTS), the Bureau of Labor Statistics (BLS) indicated that the number of ...
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January Brought Big Payroll Gains, Government Shutdown or Not

The jobs market continues to be strong. Government shutdown or not, this looked like a big report from the Bureau of Labor Statistics for January's employment situation. The BLS reported ...
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