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Written by Steven HansenThe headline seasonally adjusted BLS job growth was on the low side of expectations, with the unemployment rate worsening from 6.1 % to 5.8 %.
The headline seasonally adjusted BLS job growth was well below expectations, with the unemployment rate worsening from 6.0 % to 6.1 %. Analyst Opinion of the BLS Employment Situation Growth was well under expectations. The economically intuitive sectors were negative for economic growth. The rate of further recovery will be dependant on the coronavirus effects. The year-over-year rate of growth for employment accelerated by 17.6 % this month (red line on the graph below). The year-over-year growth rate is 1.5 % above the rate of growth one year ago. [all due to comparison to the lockdown one ...
5/6/2021 10:43:47 AM GMT US economy is expected to add nearly 1 million jobs in April. Wage inflation will be one of the key elements of the jobs report. USD is likely to gather strength against its rivals on an upbeat NFP reading. The US Bureau of Labor Statistics is expected to announce an increase of 978,000 in Nonfarm Payrolls (NFP) in April following March’s impressive print of 916,000. The Unemployment Rate is seen edging lower to 5.8% from 6% with the Labor Force Participation Rate, which stood at 61.5% in March, likely improving as well on the back of easing coronavirus-related rest...
The headline seasonally adjusted BLS job growth was small but at expectations, with the unemployment rate improving from 6.7 % to 6.3 %. Analyst Opinion of the BLS Employment Situation Employment recovery from the coronavirus has now stalled. The small growth this month was mainly from the government sector. This month the BLS benchmarked their data and revised their 2020 employment. The economically intuitive sectors were mixed for economic growth. The rate of further recovery will be dependant on the coronavirus effects. The year-over-year rate of growth for employment declined by 0.09 % th...
The headline seasonally adjusted BLS job growth declined and was well below expectations, with the unemployment rate unchanged at 6.7 %. Analyst Opinion of the BLS Employment Situation Employment recovery from the coronavirus has now stalled. A summary from the report: Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflects the recent increase in coronavirus (COVID-19) cases and efforts to contain the pandemic. In December, job losses...