American firms continued adding jobs in September 2019 according to the Bureau of Labor Statistics. Their latest tally indicates 136,000 net new jobs were gained in the period. However, this improvement is slower than the upwardly revised tally of 168,000 (originally 130,000) in August. Despite the slowing rate of improvement, the unemployment rate fell to just 3.5 percent, th
Each month the Bureau of Labor Statistics (BLS) puts out their Employment Situation report. Regular reader’s saw the Atlas note on it yesterday morning. This report covers two surveys: households and payrolls. Our nation’s unemployment rate is derived from the household survey. Each month the BLS lobs a call to 60,000 homes or so and asks those willing to ans
One of the most-followed economic indicators disappointed in August 2019. Employment gains decelerated to 130,000 according to the Bureau of Labor Statistics. Adding to the weakness, the prior two months’ tallies were downwardly revised by 20,000 net new jobs. However, we shouldn’t lose track of the fact that unemployment is very low; it held steady at 3.7 percent
America’s economy added 224,000 net new jobs in June according to the Bureau of Labor Statistics. This latest change to the employment situation was a dramatic uptick from the downwardly revised count of just 72,000 (originally 75,000) in May. Although the unemployment rate ticked up marginally to 3.7 percent, this release was largely positive.
Prices paid by producers and wholesalers rose marginally in February 2019 according to the Bureau of Labor Statistics. Their Producer Price Index rose 0.1 percent after declining a similar amount in both December and January. Year-over-year, this price proxy is up 1.9 percent, declining modestly from 2.0 percent in January.
Prices paid by wholesalers and producers declined to start this year according to the Bureau of Labor Statistics. Their measure of Producer Price Index (PPI) dropped marginally, falling 0.1 percent in January 2019 and matching the prior month’s decline as well. Year-over-year, this price proxy has gained a tame 2.0 percent.