Tag Archives: Employment

U.S. Employment Performance July 2019

The economy added 164,000 net new jobs in July 2019 (preliminary) short of the expectation of 171,000 new jobs by economists polled by MarketWatch.   Job growth was at 1.51 percent compared to the 40-year compound annual growth rate of 1.43.  The unemployment rate was unchanged from June at 3.7 percent. The following graph shows the …Read more

MSA % Divisions Employment – June 2019

The U.S. just entered the longest economic expansion in history having grown 121 months.   Job growth nationwide was 1.54 percent in the 12 months ending June 2019 compared to a 1.43 percent annual compound rate for the past 40 years.  Job growth is not systemic, however.  As usual, I invoke the TINSTAANREM axiom — There …Read more

Another Top-10 List– States With the Greatest Student Debt

The average annual cost to attend a private nonprofit college averaged $45,510 in the 2018-2019 academic year.  This compared to an inflation-adjusted $24,800 in the 1988-1989 academic year.  After considering inflation, the cost of college has almost doubled in the past 30 years. Free college tuition and forgiveness of college debt is a platform plank …Read more

State Job Growth June 2019

Jobs are everything to the economy.   Period.  Just one state, Louisiana, posted a decline in the total number of jobs year-over-year, down a miniscule 0.07 percent with a loss of 1,300 net jobs.  Nevada grew jobs at a 3.30 percent pace once again topping state job growth at more than double the 1.54 percent nationwide …Read more

State Employment Performance — March 2019

Job growth at the state level churned along with only one state, Rhode Island, posting a decline, dropping a minimal 0.20 percent in the 12-months ending March 2019.  The table below shows all 50 states plus the District of Columbia. Respective ranks of job growth among the 50 states and the District of Columbia as …Read more

October 2018 U.S. Monthly Job Creation Hits 250,000, Wages Grew 3.1 Percent Year-Over-Year and Unemployment Remained at 3.7 Percent, the Lowest in 49 Years

The U.S. added an impressive 250,000 net new jobs in October 2018 (preliminary), with 1.488 million net new jobs year-to-date compared to 1,464 million a year ago for the same period – an increase of 1.61 percent.   The total gain in the prior 12-months of 2.516 million represented a 1.71 percent annual job growth rate …Read more