Why the mediocre U.S. July jobs report was worse than it looked

By MacroScope
August 9, 2013

U.S. economists were generally disappointed with the net gain of 162,000 jobs last month, well below forecasts around 180,000 and market talk of a possible reading above 200,000. The jobless rate did fall to 7.4 percent from 7.6 percent, but labor force participation also resumed its recent descent.

U.S. job openings rise, but nobody’s hiring?

August 6, 2013

It’s a good news, bad news story: The U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover (JOLTS) survey in June showed an increase in job openings, but a decline in new hires. The ratio of unemployed Americans to each open job fell in June to its lowest level in over four years.

U.S. job market still in need of a jolt

June 18, 2013

The monthly payrolls report from the U.S. Labor Department will always be the big kahuna of economic releases.  Other, less prominent indicators of the American job market nonetheless can offer additional insight into the employment backdrop.

No relief in sight for millions of unemployed Americans: Cleveland Fed report

June 7, 2013

The new normal is getting old. And when it comes to America’s stuttering employment market, it’s not going to get much better any time soon, according to a new report from the Cleveland Fed.

Why the U.S. jobless rate might stop falling

December 28, 2012

The U.S. jobless rate, currently at 7.7 percent, remains elevated by historical standards. But it has fallen sharply from a peak of 10 percent in October 2009. However, that decline could soon grind to a halt, according to a recent paper from the San Francisco Federal Reserve.

Early hints of stronger unemployment numbers – that Wall Street economists missed

October 5, 2012

As traders and economists hash over the sharp and unexpected drop in the U.S.jobless rate to 7.8 percent, they might do well to review some key data points that offered early hints that at least some households were seeing improvement in the labor market. Wall Street analysts in a Reuters poll had forecast a rise in the unemployment rate to 8.2 percent.

U.S. payrolls ‘wild card’: public school teachers, employees

August 2, 2012

The “big wildcard” in making July payroll projections is the size of the swing in public school teachers and other school workers.