Each month the U.S. Bureau of Labor Statistics releases employment data at the Metropolitan Statistical Area (MSA) and Division level in both Seasonally Adjusted Annualized Rates (SAAR) and non-seasonally adjusted formats. As I have written in the past: Jobs are everything to an economy. Period. Over what interval the jobs are counted, however, can change …Read more
Have you ever read an email that contained a link that was literally made for you, that you just had to click? [Naturally from a known-source that you have no concerns regarding cybersecurity.] I had one yesterday and, wow, did it increase the level of my brain activity level. Here was the hook, and it …Read more
For the second month in a row the U.S. outperformed the consensus from economists for job growth by creating 209,000 net new jobs in July 2017 versus an expectation of 180,000. In addition, job gains for May 2017 were revised downwards from 152,000 to 145,000, but June was increased from a preliminary gain of 222,000 …Read more
Jobs are everything to an economy. Period. Over what interval the jobs are counted, however, can change the outcome of the winners and losers. In most circumstances, economists look at the change year-over-year and also sequentially from the prior month. These two growth ranks can often be very diverse. What was hot a year ago …Read more
Big cities are becoming bigger in the U.S. at a quicker pace as they hit a 21st Century growth spurt. Not surprising, given the vast array of opportunities, entertainment, activities, economic growth, economies of scale and infrastructure possible with larger populations. At the same time, however, larger cities bring with them some negatives including higher …Read more
As students prepare to head to college, parents resume their concerns about their children’s future when it comes to future employment and earnings. Already this week at three speeches I have been asked more than a dozen times what the best majors are for their offspring heading to college next month. If both compensation and …Read more
The U.S. added 222,000 net new additional jobs in June 2017 — preliminary, on a seasonally adjusted annualized rate. This materially outpaced the 180,000 job gain consensus by economists. In addition, job gains for April and May 2017 were revised upwards, with April increasing from 174,000 to 207,000 and May now 152,000 from 138,000. The …Read more
If you track my Tweets, ignore this blog. For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much …Read more
Jobs are everything to an economy. Period. Economies do not grow without additional jobs. Just like the weather every day, job growth (or loss) varies from one place to another. Some markets, however, consistently perform better than others and some are worse. Once again I invoke the invoke the TINSTAANREM axiom — There Is No …Read more
A tepid 98,000 net new jobs were added in March 2017, far short of the 185,000 consensus from economists polled by MarketWatch. The unemployment rate fell from 5.0 percent a year ago to 4.7 percent in February 2017 and 4.5 percent as of March 2017. The 4.5 percent unemployment level is the lowest seen since …Read more