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(via Recession Indicators, Pt 2 : Planet Money : NPR)
Economists looking for an indication of what the future holds keep a close eye on the jobs market. Heidi Shierholz is the director of policy at the Economic Policy Institute. She says there are three things in particular that she monitors: the quits rate, temporary employment, and average weekly hours.
Analysis Of The October Jobs Report: What Does It All Mean?
Analysis Of The October Jobs Report: What Does It All Mean?
On its surface the October jobs report blew away expectations showing that the economy added 280,000 jobs when the ‘experts’ and analysts were expecting only a 180,000 job add! In addition the unemployment rate ticked down to 5% from 5.1%. These results would make even the most casual Fed-watcher believe that the Yellen led FOMC would now have to be inclined to raise rates the next time that…
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Recent Job Reports Charting Success
Recent Job Reports Charting Success
The February jobs report was released by the Bureau of Labor Statistics on Friday. It paints a relatively rosy picture with solid job growth of 295,000 and a declining unemployment rate that reached 5.5 percent. Wall Street Journal’s Real Time Economics provides an informative snapshot of the recent job trends in employment.
Chart 1: Year-to-year job gains are steadily rising.
Chart 2:…
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