November is the second month that the Bureau of Labor Statistics has failed to produce a jobs report due to the recent government shutdown. What we do know about the economy comes from private sources, and they paint a mixed to negative picture. Revelio Labs found that the labor market lost 9,000 jobs last month […]
With the federal government shutdown that began on October 1st ongoing, economic data releases from a plethora of federal agencies have ground to a halt. This also includes the jobs report issued by the Bureau of Labor Statistics. Despite the lack of official government data, several private sources that collect labor market data have produced
The August BLS jobs report, along with other economic data released in the same week, provides a window into a labor market losing its resilience amid continued uncertainty. The economy added only 73,000 jobs while the unemployment rate increased to 4.2%. The most shocking finding from the report was the massive downward revision of May
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The labor market added 147,000 new jobs last month while the unemployment rate declined to 4.1%. Both metrics were met with surprise by macroeconomic forecasters as they were considerably outside of consensus estimates. The report surprised many given the continued economic uncertainty spurred by the ongoing trade wars with other countries. While the topline figure
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The economy added 139,000 jobs in May while the unemployment rate remained unchanged at 4.2%. While one-month job gains were solid, gains for March were revised down by almost 48%. The BLS revised its numbers twice in the past two months, meaning March’s numbers were revised in April, then again in May. These downward revisions
Analysis of Topline Figures in the May BLS Report The economy added 177,000 jobs in April while the unemployment rate remained at 4.2%. The February and March job gains were revised down by 15,000 and 43,000, respectively. The April job gains came primarily in the healthcare and education (+58,000), transportation and warehousing (+29,000), and leisure
Analysis of Topline Figures in the March BLS Report In February, the economy added 151,000 jobs, while the unemployment rate ticked up to 4.1%. Although the topline figures are relatively solid, especially considering the current tumultuous political climate, the report does contain some concerning red flags. The government sector only added 11,000 jobs, while the
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Is the US economy headed for a recession? Signs were muddled and mixed in the August jobs report.
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The latest jobs report was worrisome. News since has been better. So where does the US Economy stand in summer 2024?
The July jobs report hints at a softening economic picture — especially with household budgets continuing to feel the squeeze of inflation.
