The economic update provides information on recent revisions to past non-farm payroll data as well as key figures and analysis from the January 2013 jobs report. Specifically:
1) November and December 2012 non-farm payroll figures were revised upward by a combined 127,000 jobs, suggesting stronger job growth in recent months than previously estimated.
2) The January 2013 jobs report showed an addition of 157,000 jobs while the unemployment rate rose slightly. Job growth was seen across several sectors including retail, construction, and professional services.
3) Analysts note that revisions to past data along with a steady pace of new job additions in recent months indicate the labor market may be gaining more strength than realized.
Career Builder Economic update (dec 2012)Jacob Rhoades
Good reading when you have a chance. Temp employment firms added 18,000 jobs last month. Hiring and GDP continue to improve. No discernable effect from Sandy on the national jobs reports.
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Career Builder Economic update (dec 2012)Jacob Rhoades
Good reading when you have a chance. Temp employment firms added 18,000 jobs last month. Hiring and GDP continue to improve. No discernable effect from Sandy on the national jobs reports.
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After adding 8,300 jobs, industrial employment posted its best annual gain since 2011. Durable goods continues to pace manufacturing jobs, gaining double the level of non-durable goods employment. Manufacturing employment has now increased for 14 consecutive months.
The local employment market entered its third consecutive month of improving conditions with the unemployment rate declining 50 basis points to 5.9 percent.
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Beitragssammlung der Rheinischen Post - Mit Einschätzungen von zahlreichen Experten, u.a. Tom Bender, Dr. Thomas Becker, Uwe Gerstenberg und Harald Lüling. Es geht um Gefahren in der realen Welt und Angriffe im Cyberspace.
Themen
- Das Gefährdungspotenzial für die Bürger steigt. Der Sicherheitsdienstleister Consulting plus (Uwe Gerstenberg und Stefan Bisanz, Geschäftsführer), der zu den Qualitätsführern in der Branche zählt, berichtet über falsches Verhalten, skrupellose Täter und Kriminalitätstourismus.
- Die Opferschutzvereinigung Weißer Ring zählt zu den Organisationen mit dem größten Beitrag zum Gemeinwohl
in Deutschland. Die Weißer Ring Stiftung fördert die Arbeit des
Vereins, unter anderem durch eine wissenschaftliche Studie.
- Sicherheit zu Hause, Sicherheit in Büro, Praxis und Werkshalle sowie Sicherheit unterwegs – das sind die drei Themenkomplexe, mit denen sich das 1924 gegründete Unternehmen Abus beschäftigt.
After adding 8,300 jobs, industrial employment posted its best annual gain since 2011. Durable goods continues to pace manufacturing jobs, gaining double the level of non-durable goods employment. Manufacturing employment has now increased for 14 consecutive months.
The local employment market entered its third consecutive month of improving conditions with the unemployment rate declining 50 basis points to 5.9 percent.
O Yoga Tradicional é a prática de Hatha Yoga entretanto de forma mais suave e com ritmo mais tranquilo, varia de acordo com as possibilidades de cada um, o foco dessa modalidade está na flexibilidade e na redução de tensões.
http://www.yogaaruna.com.br/yoga-tradicional-consolacao-jabaquara-vila-mariana-moema-perdizes-campo-belo-itaim-bibi-alto-de-pinheiros-sacoma-liberdade-se-ipiranga-tatuape-cambuci-saude-bela-vista-santo-amaro-cursino-jardim-paulista
Beitragssammlung der Rheinischen Post - Mit Einschätzungen von zahlreichen Experten, u.a. Tom Bender, Dr. Thomas Becker, Uwe Gerstenberg und Harald Lüling. Es geht um Gefahren in der realen Welt und Angriffe im Cyberspace.
Themen
- Das Gefährdungspotenzial für die Bürger steigt. Der Sicherheitsdienstleister Consulting plus (Uwe Gerstenberg und Stefan Bisanz, Geschäftsführer), der zu den Qualitätsführern in der Branche zählt, berichtet über falsches Verhalten, skrupellose Täter und Kriminalitätstourismus.
- Die Opferschutzvereinigung Weißer Ring zählt zu den Organisationen mit dem größten Beitrag zum Gemeinwohl
in Deutschland. Die Weißer Ring Stiftung fördert die Arbeit des
Vereins, unter anderem durch eine wissenschaftliche Studie.
- Sicherheit zu Hause, Sicherheit in Büro, Praxis und Werkshalle sowie Sicherheit unterwegs – das sind die drei Themenkomplexe, mit denen sich das 1924 gegründete Unternehmen Abus beschäftigt.
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U.S. unemployment rate data and trends: December 2013 JLL
After adding 74,000 jobs in December, the U.S. unemployment rate fell 30 basis points to 6.7 percent—though total unemployment, which includes individuals who have stopped actively seeking jobs, stuck at 13.1 percent. The economy has recovered 86.5 percent of jobs lost in the downturn and we’re now 0.9 percent below previous peak unemployment, with office-using employment 47.1 percent higher than the previous peak.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and Jones Lang LaSalle.
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
157,000 jobs were added in July 2018. The unemployment rate clocked in at 3.9%, almost reaching an 18-year low. Over the past three months, the number of jobs added averages out to 224,000. Check out our infographic for more details on the July 2018 Jobs Report.
February 2018 Economic Update
Q4 GDP: 2.6%
Unemployment Rate: 4.1% (unchanged)
Nonfarm Payroll: +200,000 jobs
Nonfarm Payroll Revisions:
November was revised down from +252,000 to +216,000
December was revised up from +148,000 to +160,000
Combined revisions were 24,000 less than previously reported
After revisions, job gains have averaged 192,000 over the last 3 months.
The Linneman Letter: Volume 10 Issue 2Dan Hutchins
Historically, you need about six quarters of prolonged profit growth before companies hire aggressively. A robust job recovery is underway, with profitable employers finally replacing employees who died, retired, took extended maternity leave, or went back to school. Unfortunately, many small firms were needlessly destroyed as the government artificially channeled scarce capital to large, politically-connected firms. As we have said repeatedly, “too big to fail” is code for “too small to succeed.”
Minneapolis–St. Paul Employment Update | January 2016Carolyn Bates
The local unemployment rate of 2.7% has once again hit its lowest point since 2001. Coupled with a monthly labor force growth of 10.3 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 34.9 percent of the 12-month total employment growth, while the industrial sectors experienced a gain of 8.1 percent.
At the national level, 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-month increase of 851,000 jobs.
The national rise in hourly earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016 as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures.
The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016.
Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses.
Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.
With 213,000 net new jobs added in June, the labor market’s expansion now totals 92 consecutive month, placing it among the longest periods of post-war expansion.
Remarkably, gains have been found largely across industries, although retail trade posted contraction of 21,600 jobs after showing signs of recovery earlier in the year.
A slight boost to the participation rate pushed unemployment up 20 basis points to 4.0 percent, however.
July saw the labor market add 157,000 net new jobs, slower than growth in recent months but still positive and healthy overall. A 13,000-job contraction in government employment, combined with a 5,000 financial activities jobs lost in net terms, were partially responsible for this slowdown. At the same time, sustained talent shortages across markets continue to keep growth more volatile than normal.
November 2016 U.S. employment update and outlookJLL
October's 161,000 net new jobs missed expectations, but unemployment still dropped to 4.9 percent, as signs point to a potential interest rate hike in December.
After increasing in July, the local labor market contracted by 2,000 workers in August. Along with that employment held flat, still near a historic high. As a result, unemployment edged down 40 basis points to 3.3 percent.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
1. Economic Update
February 2013
Michael Hespen
National Account Executive
2. Non Farm Payroll Revisions 4th Qtr. GDP: -0.1% (Initial Estimate)
Bureau of Labor Statistics
November 2012 revised from +161,000 to +247,000
December 2012 revised from +155,000 to +196,000
Monthly revisions result from additional reports received from businesses since the last published estimates
and the monthly recalculation of seasonal factors. The annual benchmark process also contributed to these
revisions.
Four Takeaways From January Jobs Report (Wall Street Journal)
Slow and Steady: Job growth slowed in January, but at a bit better than 150,000 new jobs, the overall
pace of growth stayed relatively steady. The private sector drove the growth, as it has for most of the
past two-plus years, adding 166,000 jobs while the government cut payrolls 9,000. The recent pace of
growth hasn’t been enough to make a dent in the unemployment rate, which rose slightly and has
been more or less stuck since the end of the summer.
Huge Revisions: The real news in today’s report may not be in January’s figures but in December 2011 2012
and November’s, which were revised upward by a combined 127,000 jobs. November’s jobs growth Components
now registers a fairly impressive 247,000 net gain in jobs (256,000 in the private sector), and of GDP 1st 2nd 3rd 4th 1st 2nd 3rd 4th
employers added 196,000 jobs in December despite fears of the Fiscal Cliff. The significance of the Consumers 2.22% 0.70% 1.18% 1.45% 1.72% 1.06% 1.12% 1.52%
revisions goes beyond their sheer size: The Labor Department’s initial estimates often lag behind (Personal
shifts in the job market, showing too little growth when hiring is speeding up and too much when it is Consumption)
slowing down. So today’s revisions could be a sign that the labor market is gaining steam. *Businesses -0.68% 1.40% 0.68% 3.72% 0.78% 0.09% 0.85% -0.08%
(Gross Private
Pace of Growth Looks Better: For most of last year, it looked like the economy was adding around Domestic
150,000 jobs per month. Turns out, job growth actually averaged a more robust 181,000 jobs per Investment)
month for the year. The revised figure reflects not just the November and December revisions but also Net Exports
the government’s annual “benchmark” revisions, which added 422,000 jobs in the year that ended last (Exports- 0.03% 0.54% 0.02% -0.64% 0.06% 0.23% 0.38% -0.25%
March. With the revisions, 2012 now stands as the best year of the recovery in terms of job growth, Imports)
ever so slightly better than 2011, when the economy added an average of 175,000 jobs per month. Government -1.49% -0.16% -0.60% -0.43% -0.60% -0.14% 0.75% -1.33%
Total GDP 0.08% 2.48% 1.28% 4.10% 1.96% 1.24% 3.10% -0.14%
Consumer Sector Shows Strength: Retailers added 33,000 jobs in January, and restaurants added
17,000 jobs. The improving housing market may also finally be showing up in construction
employment, which rose by 28,000 jobs and is up by 82,000 in the past three months. But *Inventories -0.54% 0.01% -1.07% 2.53% -0.39% -0.46% 0.73% -1.27%
manufacturing employment was essentially flat, and factories cut back on workers’ hours. component of
Business
Sources: Bureau of Labor Statistics, Wall Street
Journal, Bureau of Economic Analysis
3. Temp Penetration Rate: 1.90% 0.1% Job Loss/Gain: + 157,000 Jobs Unemployment Rate: 7.9% 0.1%
I
Change from Previous
Number of people employed as a temporary employee Job Gains Month Unemployment Rate: Bachelor’s Degree or higher
divided by total non farm payroll employment Retail Trade 32,600
Construction 28,000
Temp Employment Professional & Business Oct Nov Dec Jan
25,000
Temporary help services lost 8,100 jobs. Services 3.7% 3.9% 3.9% 3.7%
Leisure & Hospitality 23,000
Why is the Temp Penetration Rate Important? Financial Activities 6,000
“Temporary Help Employment is a Leading Indicator for
Manufacturing 4,000
Nonfarm Employment—Staffing job trends lead Nonfarm Payroll –
Education & Health Jobs Added/Lost
nonfarm employment by three months when the 25,000 Job Growth Details
Services
economy is emerging from a recession and by six
months during periods of normal economic growth.”
- Education -2,000 Private Sector 166,000
- Healthcare 22,800 Government Sector - 9,000
American Staffing Association
- Social Assistance 4,800 Total 157,000
Change from Previous
Job Losses Month
Government -9,000
Source: Bureau of Labor Statistics,
American Staffing Association
4. Unemployment Rate Projections Revisions to 2011 & 2012 BLS Labor Data
Survey of Economists (Wall Street Journal (Looking Better But A Ways To Go – Wall Street Journal)
/
GDP Projections
http://video.cnbc.com/gallery/?video=300
Survey of Economists (Wall Street Journal) 0144702&play=1
/
Source: Wall Street Journal, New York Times
Please note: WSJ Projections were released prior to the BLS report,
Business Insider Chart of the Day, Calculated Risk Blog
