U.S. employment

Comment on U.S. Labor Market Report, Inflation, and Fed Thinking

July 2, 2015

Growth in nonfarm payroll employment slowed in the first half of 2015.  The monthly average increase had been similar in the first and second halves of 2013 at 195K and 204K, respectively, and then accelerated to 239K in the first half of 2014 and 281K in the second half of last year.  Despite sub-300K readings […] More

Belated U.S. Jobs Day

October 22, 2013

The U.S. Labor Department’s September jobs report, due initially on October 4, arrives today at 12:30 GMT. Analysts look for an unchanged 7.3% unemployment rate and employment growth of around 180K.  Whisper numbers on non-farm payrolls are above the analysts consensus. Market movement has been muted ahead of the jobs report and because of a […] More

Comments on U.S. and Canadian Jobs Data

July 5, 2013

The wire service headlines told the good news from the U.S. jobs report.  Employment in June, up 195K, was 30K more than forecast, while revisions to April and May levels identified 77K more workers than counted previously.  Growth in private-sector employment exceeded 200K in both May and June.  Jobs grew by a decent 1.7% over […] More

U.S. and Canadian Jobs Day

July 5, 2013

Folks who took Independence Day off missed a lot of excitement, as both the European Central Bank and Bank of England took steps to control bond market damage caused by talk of Fed tapering.  See my reviews of the ECB and BOE actions.  Attention today now turns to the U.S. Labor Department employment report due […] More

In Limbo Between the ECB Decision and the U.S. Jobs Data

May 6, 2011

The ECB’s apparent decision to delay a second interest rate hike until at least July sent the euro down as much as 2.6% intra-day against the dollar on Thursday.  As investors await the other main event of the week, the U.S. Department of Labor April Jobs report, the dollar is unchanged from its close yesterday […] More

U.S., Canadian and Euro Area Labor Statistics

January 8, 2010

The United States may have left behind its GDP recession but remains in a growth recession, the term used by economists when economic expansion is too weak to cut unemployment.  Employment fell in every month of 2008 and eleven of twelve months last year, the exception being a revised and tiny increase of 4K in […] More

TV Interview on Recently Released Data

January 7, 2010

Hear me talk about how the dollar reacts to U.S. employment reports with Julie Sinha of ForexTV.  I also discuss the implication of other recently released G-7 economic data. Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission. More