Tag Archives: Job Growth

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

Robust June 2019 Jobs Report Creates Question on Fed Rate Cut Timing

The U.S. just entered a record-shattering 11th year of economic expansion.  The economy added 224,000 net new jobs in June 2019 (preliminary) far exceeding the expectation of 150,000 new jobs by economists polled by MarketWatch.   Job growth was at 1.54 percent, 8 percent greater than the 40-year compound annual growth rate.  The unemployment rate feathered …Read more

MSA & Division Job Growth Rates — May 2019

Jobs are everything to an economy — and the economy is doing well.  In the past 40 years, the U.S. average compound annual job growth rate was 1.43 percent.  The current 1.58 percent is 11 greater than the 40-year average. Job growth is not systemic, however.  As usual, I invoke the TINSTAANREM axiom — There …Read more

State Job Growth May 2019

Jobs are everything to the economy.   Period.  Good news is that, for the second month in a row, positive job growth was registered in all 50 states for the 12-months ending May 2019 as shown in the following table.  Nevada, the top job growth state at 4.00 percent, had more than two and one-half times …Read more