New Unemployment Insurance Claims for The Week of July 13, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on July 13, 2024:

====================

Predicted: 240,000

• Actual: 243,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 223,000

• 4-Week Moving Average: 234,750

====================

• Click here to view the full Labor Department report

====================

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Employment Situation Report for June 2024

The Employment Situation Report for June 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +206,000

Previous Month (Revised): 218,000
One Year Previous: 240,000

U-3 Unemployment Rate (Headline)
Actual: 4.1%
Previous Month: 4.0%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 7.4%
Previous Month: 7.4%
12 Months Previous: 6.9%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.287% (+$0.10)

Average Hourly Earnings (year-on-year change)
Predicted: +4.1%
Actual: +3.86% (+$1.30)

Average Weekly Earnings (month-to-month change)
Actual: +0.287% (+$3.43)

Average Weekly Earnings (year-on-year change)
Actual: +3.56% (+$41.22)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.5%
12 Months Previous: 62.6%

Average Workweek: 34.3 hours
Previous Month: 34.3 hours
One Year Previous: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

 CHART: Civilian Unemployment Rate
June 2004 THRU June 2024

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

===================

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New Unemployment Insurance Claims for The Week of June 29, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 29, 2024:

====================

Predicted: 235,000

• Actual: 238,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 234,000

• 4-Week Moving Average: 238,500

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for May 2024

Job Openings and Labor Turnover Survey (JOLTS*) for May 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,000,000

• Actual:   8,140,000

-------------------------

• Previous Month (revised): 7,919,000
  
  
• One Year Previous: 9,311,000
  
  
• Change from one year previous: -12.58% (-1,171,000)
  

=============

HIRES: 5,756,000

HIRES vs. 12 Months Previous: -6.73% (-415,000)

-----------

QUITS: 3,459,000

QUITS vs. 12 Months Previous: -13.72% (-550,000)

-----------

LAYOFFS + DISCHARGES: 1,654,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +8.03% (+123,000)

-----------

TOTAL SEPARATIONS ^§: 5,422,000

TOTAL SEPARATIONS vs. 12 Months Previous: -7.25% (-424,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
MAY 2024 UPDATE

=============
=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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Employment Situation Report for May 2024

The Employment Situation Report for May 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +272,000

Previous Month (Revised): 165,000
One Year Previous: 303,000

U-3 Unemployment Rate (Headline)
Actual: 4.0%
Previous Month: 3.9%
12 Months Previous: 3.7%

U-6 Unemployment Rate*
Actual: 7.4%
Previous Month: 7.4%
12 Months Previous: 6.8%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.403% (+$0.14)

Average Hourly Earnings (year-on-year change)
Predicted: +4.1%
Actual: +4.08% (+$1.37)

Average Weekly Earnings (month-to-month change)
Actual: +0.402% (+$4.80)

Average Weekly Earnings (year-on-year change)
Actual: +3.78% (+$43.63)

Civilian Labor Force Participation Rate: 62.5%
Previous Month: 62.7%
12 Months Previous: 62.6%

Average Workweek: 34.3 hours
Previous Month: 34.3 hours
One Year Previous: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

 

CHART: Civilian Unemployment Rate
May 2004 THRU May 2024

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

===================

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New Unemployment Insurance Claims for The Week of June 1, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 1, 2024:

====================

Predicted: 220,000

• Actual: 229,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 221,000

• 4-Week Moving Average: 222,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of May 25, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 25, 2024:

====================

Predicted: 220,000

• Actual: 219,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 216,000

• 4-Week Moving Average: 222,500

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of May 4, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 4, 2024:

====================

Predicted: 220,000

• Actual: 231,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 209,000

• 4-Week Moving Average: 215,000

====================

• Click here to view the full Labor Department report

====================

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Employment Situation Report for April 2024

Employment Situation Report for April 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +175,000

Previous Month (Revised): 315,000
One Year Previous: 278,000

U-3 Unemployment Rate (Headline)
Actual: 3.9%
Previous Month: 3.8%
12 Months Previous: 3.4%

U-6 Unemployment Rate*
Actual: 7.4%
Previous Month: 7.3%
12 Months Previous: 6.6%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.202% (+$0.07)

Average Hourly Earnings (year-on-year change)
Predicted: +4.1%
Actual: +3.92% (+$1.31)

Average Weekly Earnings (month-to-month change)
Actual: -0.09% (-$1.06)

Average Weekly Earnings (year-on-year change)
Actual: +3.92% (+$44.94)

Civilian Labor Force Participation Rate: 62.7%
Previous Month: 62.7%
12 Months Previous: 62.6%

Average Workweek: 34.3 hours
Previous Month: 34.4 hours
One Year Previous: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

 

CHART: Civilian Unemployment Rate
April 2004 THRU April 2024

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

===================

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Job Openings and Labor Turnover Survey (JOLTS) for March 2024

Job Openings and Labor Turnover Survey (JOLTS*) for March 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,500,000

• Actual:   8,488,000

-------------------------

• Previous Month (revised): 8,813,000
  
  
• One Year Previous: 9,623,000
  
  
• Change from one year previous: -11.79% (-1,135,000)
  

=============

HIRES: 5,500,000

HIRES vs. 12 Months Previous: -7.64% (-455,000)

-----------

QUITS: 3,329,000

QUITS vs. 12 Months Previous: -12.6% (-480,000)

-----------

LAYOFFS + DISCHARGES: 1,526,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: -16.38% (-299,000)

-----------

TOTAL SEPARATIONS ^§: 5,200,000

TOTAL SEPARATIONS vs. 12 Months Previous: -12.12% (-717,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
MARCH 2024 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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New Unemployment Insurance Claims for The Week of April 20, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 20, 2024:

====================

Predicted: 210,000

• Actual: 207,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (unrevised): 212,000

• 4-Week Moving Average: 213,250

====================

• Click here to view the full Labor Department report

====================

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Employment Situation Report for March 2024

Employment Situation Report for March 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +303,000

Previous Month (Revised): 270,000
One Year Previous: 146,000

U-3 Unemployment Rate (Headline)
Actual: 3.8%
Previous Month: 3.9%
12 Months Previous: 3.5%

U-6 Unemployment Rate*
Actual: 7.3%
Previous Month: 7.3%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.35% (+$0.12)

Average Hourly Earnings (year-on-year change)
Predicted: +4.1%
Actual: +4.14% (+$1.38)

Average Weekly Earnings (month-to-month change)
Actual: +0.64% (+$7.59)

Average Weekly Earnings (year-on-year change)
Actual: +4.14% (+$47.48)

Civilian Labor Force Participation Rate: 62.7%
Previous Month: 62.5%
12 Months Previous: 62.6%

Average Workweek
Predicted: 34.4 hours
Actual: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

 

CHART: Persons NOT In The Labor Force
Who Want A Job, Seasonally Adjusted
March 2004 thru March 2024

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

=================== 

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New Unemployment Insurance Claims for The Week of March 16, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 16, 2024:

====================

Predicted: 210,000

• Actual: 210,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 212,000

• 4-Week Moving Average: 211,250

====================

• Click here to view the full Labor Department report

====================

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Employment Situation Report for February 2024

Employment Situation Report for February 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +275,000

Previous Month (Revised): 229,000
One Year Previous: 287,000

U-3 Unemployment Rate (Headline)
Actual: 3.9%
Previous Month: 3.7%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 7.3%
Previous Month: 7.2%
12 Months Previous: 6.8%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.145% (+$0.05)

Average Hourly Earnings (year-on-year change) 
Predicted: +4.3%
Actual: +4.28% (+$1.42)

Average Weekly Earnings (month-to-month change)
Actual: +0.44% (+$5.17)

Average Weekly Earnings (year-on-year change)
Actual: +3.68% (+$42.07)

Civilian Labor Force Participation Rate: 62.5%
Previous Month: 62.5%
12 Months Previous: 62.5%

Average Workweek
Predicted: 34.3 hours
Actual: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

CHART: Month-to-Month Change
In Nonfarm Payroll Employment
February 2022 thru February 2024

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

=================== 

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Job Openings and Labor Turnover Survey (JOLTS) for January 2024

Job Openings and Labor Turnover Survey (JOLTS*) for January 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,800,000

• Actual:   8,863,000

-------------------------

• Previous Month (revised): 8,889,000
  
  
• One Year Previous: 10,425,000
  
  
• Change from one year previous: -15.0% (-1,562,000)
  

=============

HIRES: 5,687,000

HIRES vs. 12 Months Previous: -10.78% (-687,000)

-----------

QUITS: 3,385,000

QUITS vs. 12 Months Previous: -12.8% (-497,000)

-----------

LAYOFFS + DISCHARGES: 1,572,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: -15.85% (-296,000)

-----------

TOTAL SEPARATIONS ^§: 5,341,000

TOTAL SEPARATIONS vs. 12 Months Previous: -11.23% (-676,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
JANUARY 2024 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

=============

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New Unemployment Insurance Claims for The Week of February 17, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 17, 2024:

====================

Predicted: 215,000

• Actual: 201,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 213,000

• 4-Week Moving Average: 215,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of February 3, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 3, 2024:

====================

Predicted: 220,000

• Actual: 218,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 227,000

• 4-Week Moving Average: 212,250

====================

• Click here to view the full Labor Department report

====================

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Employment Situation Report for January 2024

Employment Situation Report for January 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +353,000

Previous Month (Revised): 333,000
One Year Previous: 482,000

U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.7%
12 Months Previous: 3.4%

U-6 Unemployment Rate*
Actual: 7.2%
Previous Month: 7.1%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.553% (+$0.19)

Average Hourly Earnings (year-on-year change)
Predicted: +4.3%
Actual: +4.48% (+$1.48)

Average Weekly Earnings (month-to-month change)
Actual: -0.03% (-$0.39)

Average Weekly Earnings (year-on-year change)
Actual: +2.97% (+$33.94)

Civilian Labor Force Participation Rate: 62.5%
Previous Month: 62.5%
12 Months Previous: 62.4%

Average Workweek
Predicted: 34.4 hours
Actual: 34.1 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

CHART: Unemployment Rate
 January 2024 UPDATE

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================

• Click here to view the full Department of Labor report.

===================  

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New Unemployment Insurance Claims for The Week of November 11, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 11, 2023:

====================

Predicted: 220,000

• Actual: 231,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 218,000

• 4-Week Moving Average: 220,250

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for September 2023

Job Openings and Labor Turnover Survey (JOLTS*) for September 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,400,000

• Actual:    9,553,000

-------------------------

• Previous Month (revised): 9,497,000
  
  
• One Year Previous: 10,854,000
  
  
• Change from one year previous: -11.99% (-1,301,000)
  

=============

HIRES: 5,871,000

HIRES vs. 12 Months Previous: -5.7% (-355,000)

-----------

QUITS: 3,661,000

QUITS vs. 12 Months Previous: -9.94% (-404,000)

-----------

LAYOFFS + DISCHARGES: 1,517,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +5.64% (+81,000)

-----------

TOTAL SEPARATIONS ^§: 5,530,000

TOTAL SEPARATIONS vs. 12 Months Previous: -4.82% (-280,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Job Openings Rate
 September 2023 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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