October 2015 The 271,000 Gain is Largest this Year
We see the largest gain in payrolls of the year at 271,000. The jobless rate has also fallen to a seven-year low of 5 percent (from 5.1 percent in September) and average hourly earnings over this past year climbed by the most since 2009. Investors have raised to about 70 percent the probability of a rate increase from the earlier 56 percent. The assumption is that the funds rate averages 0.375 percent after liftoff. The Report has also shown lower labor-market slack. The number of Americans working part-time because of the weak economy is down to 5.7 million for the month of October, Which is the lowest since June of 2008
The October Jobs Report Gives Fed Officials a Green Light to Raise Rates (Bloomberg.com)
September 2015 Unemployment Rate Sits Unchanged
In the month of September, the unemployment rate stays at a 5.1 percent and the nonfarm payroll increased by 142,000. So far in 2015, job growth has been averaging 198,000 per month. There were job gains in healthcare, and mining employment fell. The number of persons unemployed for less than 5 weeks increased by 268,000 to 2.4 million this month which slightly offset a decline in August. In September average hourly earnings for private nonfarm payrolls, changed little, at $25.09(-1 cent), following a 9-cent gain in August. The civilian labor force participation rate declined to 62.4(from 62.6 percent for 3 prior months) In the month of September.
The Employment Situation – September 2015 (BLS.GOV)
September 2015 Labor Force Loss of 350,000
In September, The total labor force fell to a year low, losing another 350,000 people. The household survey was even worse, showing a decrease of 236,000 in employment. The number reporting that they were unemployed declined as well, by 114,000. The average work week fell a fraction to 34.5 hours. Health care had the most in job creation, at 34,000 new positions. Retail grew by 24,000 and restaurants and bars contributed 21,000. Food and Bar businesses have added almost 350,000 jobs in the past year. Part-time positions increased by 53,000 (1.8 percent) and Full time jobs declined 185,000.
Job creation misses big in September 2015 (cnbc.com)
August 2015 Discouraged workers down by 151,000
In August, Total nonfarm payroll employment increased by 173,000, and unemployment rates went down slightly to 5.1 percent. Job gains were in social assistance, health care, and financial activities. Manufacturing and mining has job loss. 1.8 million Persons were marginally attached to the labor force, which is down by 329,000 from the prior year. Among these people, there were 624,000 discouraged workers, Which is down by 151,000 from the prior year. The average workweek for employees on private nonfarm payrolls, slightly increased by 0.1 hour to 34.6 hours. Payrolls rose by 8 cents to $25.09, following the 6-cent gain in July.
The Employment Situation - August 2015 (BLS.GOV)
July 2015 Employment increased by 215,000
Employment increased by 215,000 in July. The unemployment has remained at 5.3 percent. Job gains occurred in retail, health care, professional and technical services, and financial activities. In July the unemployment rate (5.3 percent) and the number unemployed (8.3 million) were unchanged. Among the unemployed, the number of new entrants decreased by 107,000. The civilian labor force participation rate was unchanged at 62.6 percent. The employment-population ratio (59.3 percent) was also unchanged. In July, 1.9 million persons were marginally attached to the labor force, which is down by 251,000 from this prior year.
The Employment Situation - July 2015 (BLS.GOV)
June 2015 Civilian Labor Force Decline by 432,000
The unemployment rate has declined by 0.2 Percent to 5.3 percent in June, and the number of people unemployed has declined as well by 375,000 to 8.3 million. The total nonfarm payroll employment has increased however, by 223,000. The Civilian labor force declined by 432,000 in June. The employment to population ratio was still unchanged, Sitting at 59.3 percent. Job gains occurred in professional and business services, retail trade, health care, financial activities, and warehousing.
The Employment Situation - June 2015 (BLS.GOV)
June 2015 Hourly Earning Sit Unchanged
Average hourly earnings did not change a bit in June despite the drop in the unemployment rate. The unemployment rate went from 5.5 percent to 5.3 percent in this past months span. Over the last 12 months, wages are up by 2 percent, only a little ahead of inflation, which is around 1.5 percent, according to the last data reports. On the bright side, The Labor Department’s broadest possible measure of unemployment fell 0.3 percentage point to 10.5 percent.
U.S Economy Adds 223,000 Jobs; Unemployment at 5.3% (nytimes.com)
May 2015 nonfarm payroll employment increases by 280,000
The total nonfarm payroll employment has increased by 280,000 in May. Unemployment rate is at 5.5 percent and unemployed persons at 8.7 million, both unchanged. The number of persons unemployed for less than 5 weeks decreased to 311,000 to 2.4 million, following the increase in April. Employment in mining has continued to decline. Job gains were in hospitality, leisure, healthcare, and professional and business services. The civilian labor force rose by 397,000, and the labor force participation rate was changed very little at 62.9 percent. In May, 1.9 million persons were marginally attached to the labor force, which is down by 268,000 from the prior year.
The Employment Situation - May 2015 (BLS.GOV)
April 2015 Average Hourly Earnings Rise by 3 cents
The number of long-term unemployed (jobless 27 weeks or more) changed little sitting at 2.5 million, accounting for 29.0 percent of the unemployed. Over the past 12 months, the number of person’s long-term unemployed has decreased by 888,000. Total nonfarm payroll employment has increased by 223,000 in the month of April. The unemployment rate (5.4 percent) and the number of unemployed persons (8.5 million) were unchanged. Over the past three months, job gains have averaged 35,000 a month. In April, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $24.87.
The Employment Situation - April 2015 (BLS.GOV)
March 2015 nonfarm payroll employment has increased by 126,000
The total nonfarm payroll employment has increased by 126,000 in the month of March. The unemployment rate (5.5 percent) has not changed. Among the unemployed, the number of new entrants decreased by 157,000 and is down 342,000 over the year. The average workweek for all employees on private nonfarm payrolls has declined by 0.1 hour to 34.5 hours. However, the average hourly earnings for all employees on private nonfarm payrolls have risen by 7 cents to $24.86. In March, Employment gains were found in health care, professional and business services, and retail trend.
The Employment Situation - March 2015 (BLS.GOV)
February 2015 Unemployment rate unchanged
Both the unemployment rate (5.5 percent) and the number of unemployed persons (8.7 million) have edged down in February. Total nonfarm payroll employment has increased by 295,000 in the month of February. 2.2 million Persons were marginally attached to the labor fore, which is little changed from the prior year. Among the marginally attached, there were 732,000 discouraged workers in February, which is also little changed from the prior year. Job gains occurred in professional and business services, food and drinking places, construction, healthcare, transportation and warehousing. Over the past 3 months, job gains have averaged 288,000 per month.
The Employment Situation - February 2015 (BLS.GOV)
January 2015 Nonfarm Employment Rises 257,000
The total nonfarm payroll employment rose by 257,000 in January. The unemployment rate(5.7 percent) changed very little in January and has shown no net change since October of 2014. The number of long-term unemployed (those jobless for more than 27 weeks) was unchanged at 2.8 million. These individuals account for 31.5 percent of all of the unemployed. Over the past year, the number of long-term unemployed is down by 828,000. In January, 2.2 million persons were marginally attached to the labor force, which is down by 358,000 from the prior year.
The Employment Situation - January 2015 (BLS.GOV)
January 2015 Hourly Earnings Rise 12 Cents
The average hourly earnings for private-sector workers increased by 12 cents, 24.75, after decreasing by 5 cents, to $24.57, in December. The January jobs report marked the longest stretch of job gains above the 200,000 level since 1994. The labor-force participation rate edged up by 0.2 percentage point, to 62.9 percent.
Unemployment Rate Ticks Up To 5.7% (ibtimes.com)