January 2023 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 3.4%*[ANALYSES by EXPERTS] White 3.1% African American 5.4% Hispanic 4.5% Asian¹ 2.8% Persons with a disability¹ 7.1% Men 20 years and over 3.2% Women 20 years and over 3.1% Teens (16-19 years) 10.3% Black… Read More Unemployment Data–JANUARY 2023
By FRANK STRICKER January 16, 2023 On January 6, the Bureau of Labor Statistics (BLS) issued its report on jobs and unemployment for December of last year. Some parts of that report were surprisingly strong, given that the Federal Reserve has been working for months to push unemployment up and weaken demand for labor. Pretty… Read More The December Jobs Report: A Mixed Bag
December 2022 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 3.5%*[ANALYSES by EXPERTS] White 3.0% African American 5.7% Hispanic 4.1% Asian¹ 2.4% Persons with a disability¹ 5.0% Men 20 years and over 3.1% Women 20 years and over 3.2% Teens (16-19 years) 10.4% Black… Read More Unemployment Data–DECEMBER 2022
By FRANK STRICKER December 19, 2022 The Bureau of Labor Statistics (BLS) survey of households in November found that the official unemployment rate stayed at 3.7%. That’s low by conventional standards and lower than 4 to 5%, which is probably what the Federal Reserve is aiming for. Official unemployment rates for some groups stayed down.… Read More Who Did Well and Who Did Not? November 2022 Jobs Report Analysis
By Frank Stricker November 25, 2022 Employment and Unemployment The Bureau of Labor Statistics’ (BLS) employment report for October was a mixed bag. The unemployment rate rose by 0.2% to 3.7% and there were 306,000 more unemployed people than in September. A rate of 3.7% is far from full employment. When one adds people who want… Read More Jobs: And the Beat Goes On for Now (October 2022 Labor Market Analysis)
