Jobs

The Employment Situation Summary for July was released today by the Bureau of Labor Statistics (BLS), showing a 9.4% unemployment rate and 247,000 jobs lost in July.  These numbers were better than anticipated, with the unemployment rate…

The US Department of Labor released the employment last data point before tomorrow’s widely anticipated unemployment number comes out. The data showed jobless claims declining to 550,000 from 588,000 on a seasonally-adjusted basis. This…

US private employers shed 371,000 jobs according to figures released by ADP today.  Expectations had been for a loss of 350,000. As this report was released two days before the employment situation summary that gives us the…

The US Department of Labor released data showing that 584,000 people filed initial claims for unemployment insurance this past week.  This is up sharply from the upwardly revised 559,000 last week and 524,000 two weeks ago.  The…

Citigroup has just released a forecast which is very troublingregarding employment and growth in the Spanish economy.  With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010.  Below…

When last week’s US jobless claims number was released, I indicated it was artificially low because of changes in the summer auto production schedules.  Rather than look at the numbers as they are released from week to week, we should look…

On the surface this week’s jobless claims data look very good. Initial claims came in at 522,000, the best since the first week of the year and pulling the 4-week average below 600,000 for the first time in about six months.  Moreover,…

The latest figures on claims for unemployment insurance in the United States were released this morning.  The data showed Initial claims of 565,000, putting the figure under 600,000 for the first time since January.  But, continuing claims…

The labor market in the United States lost 467,00 jobs in June.  But this was just the headline number as unemployment rose to 9.5%.  Unfortunately, the deep dive shows a situation that mirrors this weakness. Establishment Survey…

The U.S. Department of Labor released the latest data for unemployment insurance as it does every Thursday at 830ET.  The seasonally adjusted numbers reported were 614,000 initial claims and 6.702 million continuing claims. While this…