Tag Archives: Employment

U.S. Employment Performance August 2019

The U.S. added 130,000 net new jobs in August 2019 on a seasonally adjusted basis (preliminary) averaging 172,800 new jobs monthly in the prior 12-months and 158,000 per month year-to-date.   The unemployment rate remained unchanged at 3.7 percent – hovering near a five-decade low. Total U.S. employment is shown in the graph. The unemployment rate …Read more

State Employment Performance — July 2019

Jobs are everything to an economy.  Period. The following table shows the percentage change in jobs in the 12-months ending July 2019 as reported by the U.S. Bureau of Labor Statistics.  These represent all total, non-farm jobs on a seasonally adjusted basis for all 50 states plus the District of Columbia.  Just one state reported …Read more

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