• Brookings on Job Numbers

    Employment in June appears to rebound after disappointing performance in May

    A machine digs a ditch at the Grand Renaissance dam in Ethiopia.

    June’s jobs gains, released this morning, show that 287,000 new jobs were added in June, an impressive rebound after only 11,000 new jobs were added in May (revised down from from 38,000 at the time of the release).  Read More

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  • Brookings on Job Numbers

    Strong bounce-back in jobs, but wage growth still lackluster

    This represents the strongest monthly rate of new job creation this year, and is well above economist expectations of about 170,000 jobs created. The return of Verizon workers to their jobs after a strike last month accounted for only about 35,000 of these jobs. Employment growth over the past 3 months now averages 147,000 – a bit below last year’s rate but quite good in a labor market where there is now less slack than before.  Read More

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  • Brookings on Job Numbers

    Jobs report weighs on Fed

    American University students walk among recruiting booths during a career job fair at American University in Washington March 28, 2012.

    Federal Reserve chair Janet Yellen just gave a speech in Philadelphia that acknowledges a weak jobs report last Friday. She rightly cautions us not to place too much weight on any single month’s numbers. Overall, her talk seems to have raised confidence in the financial markets about where the economy is heading, based on a wider range of recent indicators besides the numbers reported in the jobs report, for example, on consumer spending and home construction. These suggest areas of continued strength in the economy.  Read More

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  • Brookings on Job Numbers

    Amidst unimpressive official jobs report for May, alternative measures make little difference

    Business man

    May’s jobs gains, released this morning, show that only 38,000 new jobs were added this May, down from an average of 178,000 over the first four months of the year, and the least new jobs added since September 2010.  Read More

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  • Brookings on Job Numbers

    Unseasonable weather can fully explain the weak jobs report for April

    Business man

    April’s jobs gains, released this morning, indicate that the U.S. added only 160,000 new jobs, “40,000 fewer than had been expected.” This number was produced using a standard filter known as seasonal adjustment. Each month, many thousands of workers across the U.S. lose their jobs, while others find themselves newly employed. The net number of jobs created or lost in all this activity is an important indicator of the nation’s economic health.
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  • Brookings on Job Numbers

    However you look at it, March 2016 was another strong month for job growth

    March’s jobs gains, released this morning, mark 66 straight months of significant positive jobs growth in the U.S., with nearly three times as many jobs added in March 2016 compared to March 2015.  Read More

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  • Brookings on Job Numbers

    Robust job gains and a continued rebound in labor force participation

    The latest BLS jobs report shows little sign employers are worried about the future strength of the recovery. Both the employer and household surveys suggest U.S. employers have an undiminished appetite for new hires. Nonfarm payrolls surged 242,000 in February, and upward revisions BLS employment estimates for January added almost 21,000 to estimated payroll gains in that month.  Read More

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  • Brookings on Job Numbers

    Economy “officially” adds 242,000 jobs in February, 261,000 using an alternative measure

    American University students walk among recruiting booths during a career job fair at American University in Washington March 28, 2012.

    February’s jobs gains, released this morning, mark 65 straight months of (significant) positive jobs growth in the U.S. (going back to October of 2010). Each month, many thousands of workers across the U.S. lose their jobs, while others find themselves newly employed. The net number of jobs created or lost in all this activity is an important indicator of the nation’s economic health. But the raw number of jobs created or lost from one month to the next doesn’t say much about the underlying economy.  Read More

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  • Brookings on Job Numbers

    Encouraging February jobs report shows rebound in labor force growth

    Payroll employment grew by 242,000, which is above the recent average and a bit above expectations. Growth was widespread across sectors, including high-wage sectors like professional services and education, middle-wage sectors like construction and health care, and low-wage sectors like retail and leisure/hospitality. Employment growth in the two previous months was also revised upward to 271,000 for December and 172,000 for January, giving us a solid 3-month average of 228,000 per month.  Read More

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  • Brookings on Job Numbers

    Alternative seasonal and weather adjustments may shed some light on mixed January jobs report

    Job seekers speak to recruiters at a job fair sponsored by the New York Department of Labor in New York, June 7, 2012. (Reuters/Keith Bedford)

    Each month, many thousands of workers across the U.S. lose their jobs, while others find themselves newly employed. The net number of jobs created or lost in all this activity is an important indicator of the nation’s economic health. But the raw number of jobs created or lost from one month to the next doesn’t say much about the underlying economy. Rather, many of these month-to-month changes are the result of predictable seasonal fluctuations. For example, the fact that the last ten Januarys witnessed the economy shedding over 2.5 million jobs is simply retailers slowing down after the holidays and says nothing about broader economic performance.     Read More

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