Employment Situation Report for May 2023

Employment Situation Report for May 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +339,000

Previous Month (Revised): 294,000
One Year Previous: 364,000

U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.4%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 6.7%
Previous Month: 6.6%
12 Months Previous: 7.1%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.33% (+$0.11)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.304% (+$1.38)

Average Weekly Earnings (month-to-month change)
Actual: +0.038% (+$0.44)

Average Weekly Earnings (year-on-year change)
Actual: +3.4% (+$37.71)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.6%
12 Months Previous: 62.3%

Average Workweek
Predicted: 34.4 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: U-3 (Official) Unemployment Rate
May 2023 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.

=================== 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

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

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

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

Job Openings

Predicted: 9,400,000

• Actual:    10,103,000

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

• Previous Month (revised): 9,745,000
  
  
• One Year Previous: 11,755,000
  
  
• Change from one year previous: -14.054% (-1,652,000)
  

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

Hires: 6,115,000

-----------

Quits: 3,793,000

-----------

Layoffs + Discharges: 1,581,000 

-----------

Total Separations ^§: 5,708,000

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

 

§ = 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
April 2023 UPDATE

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

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

============= 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Chicago Fed National Activity Index (CFNAI) for April 2023

Federal Reserve Bank of Chicago released its National Activity Index (CFNAI) for April 2023:

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

Predicted: -0.20

• Actual (CFNAI): +0.07

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

• Previous Month (revised): -0.37

• 3-Month Moving Average (CFNAI-MA3): -0.22
  

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

The CFNAI is a weighted average of 85 indicators of growth in national economic activity drawn from four broad categories of data:

• Production and income;
• Employment, unemployment, and hours;
• Personal consumption and housing; and
• Sales, orders, and inventories.

The "predicted" figure is what economists were expecting, while the yellow-highlighted figure is what was reported.

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

 

 CHART: CFNAI-MA3 with Inflation Cycles
April 2023 Update

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

Understanding The CFNAI:

A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth.

Periods of economic expansion have historically been associated with values of the CFNAI-MA3 above -0.70 and the CFNAI Diffusion Index above -0.35. Conversely, periods of economic contraction have historically been associated with values of the CFNAI-MA3 below -0.70 and the CFNAI Diffusion Index below -0.35.

An increasing likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +0.70 more than two years into an economic expansion. Similarly, a substantial likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +1.00 more than two years into an economic expansion.

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

• Click here to view the full Chicago Fed report

• Click here for The List of 85 Existing Monthly Indicators
  

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

 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of May 13, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 13, 2023:

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

Predicted: 245,000

• Actual: 242,000

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

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): 264,000

• 4-Week Moving Average: 244,250

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Employment Situation Report for April 2023

Employment Situation Report for April 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +253,000

Previous Month (Revised): 165,000
One Year Previous: 254,000

U-3 Unemployment Rate (Headline)
Actual: 3.4%
Previous Month: 3.5%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 6.6%
Previous Month: 6.7%
12 Months Previous: 7.0%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.482% (+$0.16)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.45% (+$1.42)

Average Weekly Earnings (month-to-month change)
Actual: +0.482% (+$5.50)

Average Weekly Earnings (year-on-year change)
Actual: +3.842% (+$42.46)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.6%
12 Months Previous: 62.2%

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: U-3 Unemployment Rate
April 2023 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.

=================== 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Productivity and Labor Costs Report for Q1 2023 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2023 (preliminary):

Nonfarm Productivity
Predicted: -1.0%
Actual: -2.7%

• Change from A Year Ago: -0.9%

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

Unit Labor Costs
Predicted: +4.0%
Actual: +6.3%

• Change from A Year Ago: +5.8%

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

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

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


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

 

CHART: Labor Productivity
Q1 2019 Through Q1 2023 (Preliminary)

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

CHART: Unit Labor Costs
Q1 2019 Through Q1 2023 (Preliminary)

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

  

 

  CHART: Labor Productivity, Output
and Hours Worked Index Series
 Q4 2019 through Q1 2023

    

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

 

From Today's Report

 

"...From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.9%, reflecting a 1.3% increase in output and a 2.3% increase in hours worked. The 0.9-percent productivity decline is the first time the four-quarter change series has remained negative for five consecutive quarters; this series begins in the first quarter of 1948..."

 ===================

 Click here to view the full Labor Department report (PDF.)

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

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

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

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

Job Openings

Predicted: 9,500,000

• Actual:    9,590,000

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

• Previous Month (revised): 9,974,000
  
  
• One Year Previous: 12,027,000
  
  
• Change from one year previous: -20.263% (-2,437,000)
  

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


Hires: 6,149,000

-----------

Quits: 3,851,000

-----------

Layoffs + Discharges: 1,805,000 

-----------

Total Separations ^§: 5,932,000

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

 

§ = 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
March 2023 UPDATE

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

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

============= 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Employment Cost Index for Q1, 2023

Employment Cost Index (ECI) for the first quarter of 2023 was released by The Labor Department's Bureau of Labor Statistics this morning:

Predicted: +1.1%
Actual: +1.2%

• Reading from previous quarter: +1.1%
   
• Change from 12 months previous (Y/Y): +4.8%

The yellow-highlighter figure represents the seasonally adjusted, quarter-to-quarter change for the ECI, which is the Labor Department's broadest measure of employee-compensation costs, and includes wages, salaries and benefits.

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

• Wages and Salaries: +1.2%
  
  
• Change from 12 months previous (Y/Y): +5.0% 

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

• Benefits: +1.2%
  
  
• Change from 12 months previous (Y/Y): +4.5% 

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


From the Labor Department website:

"...The Employment Cost Index (ECI) measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries..."

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

CHART: Wages and Salaries and Benefits
for Civilian Workers
12 Month Percent Change
Not Seasonally Adjusted
 First Quarter, 2023 UPDATE

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

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

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of April 22, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 22, 2023:

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

Predicted: 245,000

• Actual: 230,000

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

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): 246,000

• 4-Week Moving Average: 236,000

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of April 15, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 15, 2023:

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

Predicted: 245,000

• Actual: 245,000

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

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): 240,000

• 4-Week Moving Average: 239,750

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of December 17, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on December 17, 2022:

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

Predicted: 220,000

• Actual: 216,000

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

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): 214,000

• 4-Week Moving Average: 221,750

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Job Openings and Labor Turnover Survey (JOLTS) for October 2022

Job Openings and Labor Turnover Survey (JOLTS*) for October 2022 was released by the Labor Department this morning:

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

Job Openings

Predicted: 10,500,000

• Actual:    10,334,000

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

• Previous Month (revised): 10,687,000
  
  
• One Year Previous: 11,094,000
  
  
• Change from one year previous: -6.85% (-760,000)
  

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


Hires: 6,012,000

-----------

Quits: 4,026,000

-----------

Layoffs + Discharges: 1,387,000 

-----------

Total Separations ^§: 5,683,000

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

 

§ = 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
October 2022 UPDATE

  =============

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

============= 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of November 5, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 5, 2022:

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

Predicted: 230,000

• Actual: 225,000

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

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: 218,750

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

From Today's Report

"...The highest insured unemployment rates in the week ending October 22 were in Puerto Rico (1.9), California (1.8), New Jersey (1.8), Alaska (1.6), New York (1.3), Massachusetts (1.2), Rhode Island (1.2), Nevada (1.1), and Oregon (1.1).

The largest increases in initial claims for the week ending October 29 were in California (+1,989), Oregon (+1,541), Washington (+693), Illinois (+457), and Minnesota (+456), while the largest decreases were in Florida (-1,534), Kentucky (-1,007), North Carolina (-659), Arkansas (-517), and South Carolina (-471)..."

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Employment Situation Report for October 2022

Employment Situation Report for October 2022 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +261,000

Previous Month (Revised): 315,000
One Year Previous: 677,000

U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.5%
12 Months Previous: 4.6%

U-6 Unemployment Rate*
Actual: 6.8%
Previous Month: 6.7%
12 Months Previous: 8.2%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.37% (+$0.12)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.73% (+$1.47)

Average Weekly Earnings (month-to-month change)
Actual: +0.37% (+$4.14)

Average Weekly Earnings (year-on-year change)
Actual: +3.82% (+$41.38)

Civilian Labor Force Participation Rate: 62.2%
Previous Month: 62.3%
12 Months Previous: 61.7%

Average Workweek
Predicted: 34.5 hours
Actual: 34.5 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: U-3 Unemployment Rate
October 2022 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.

=================== 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Employment Situation Report for September 2022

The Employment Situation Report for September 2022 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +263,000

Previous Month (Revised): 315,000
One Year Previous: 424,000

U-3 Unemployment Rate (Headline)
Actual: 3.5%
Previous Month: 3.7%
12 Months Previous: 4.7%

U-6 Unemployment Rate*
Actual: 6.7%
Previous Month: 7.0%
12 Months Previous: 8.5%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.31% (+$0.10)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.98% (+$1.54)

Average Weekly Earnings (month-to-month change)
Actual: +0.31% (+$3.45)

Average Weekly Earnings (year-on-year change)
Actual: +4.075% (+$43.85)

Civilian Labor Force Participation Rate: 62.3%
Previous Month: 62.4%
12 Months Previous: 61.7%

Average Workweek
Predicted: 34.5 hours
Actual: 34.5 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: Nonfarm Payroll Employment
September 2022 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.

=================== 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of October 1, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on October 1, 2022:

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

Predicted: 210,000

• 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): 190,000

• 4-Week Moving Average: 206,500

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

From Today's Report

"...The highest insured unemployment rates in the week ending September 17 were in New Jersey (1.8), California (1.7), Puerto Rico (1.6), New York (1.4), Alaska (1.2), Massachusetts (1.2), Rhode Island (1.2), Connecticut (1.1), and Nevada (1.1).

The largest increases in initial claims for the week ending September 24 were in Ohio (+1,586), North Carolina (+289), Tennessee (+286), Arkansas (+38), and Arizona (+35), while the largest decreases were in Michigan (-5,715), New York (-1,404), New Jersey (-1,400), Missouri (-966), and Georgia (-799)..."

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

• Click here to view the full Labor Department report

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

 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

Job Openings and Labor Turnover Survey (JOLTS) for August 2022

Job Openings and Labor Turnover Survey (JOLTS*) for August 2022 was released by the Labor Department this morning:

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

Job Openings

Predicted: 11,000,000

• Actual:    10,053,000

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

• Previous Month (revised): 11,170,000
  
  
• One Year Previous: 10,629,000
  
  
• Change from one year previous: -5.42% (-576,000)
  

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


Hires: 6,277,000

-----------

Quits: 4,158,000

-----------

Layoffs + Discharges: 1,460,000 

-----------

Total Separations ^§: 5,976,000

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

 

§ = 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 - August 2022 UPDATE

  =============

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

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of September 24, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 24, 2022:

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

Predicted: 219,000

• Actual: 193,000

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

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: 207,000

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

From Today's Report

"...The highest insured unemployment rates in the week ending September 10 were in New Jersey (1.9), California (1.8), Puerto Rico (1.6), New York (1.5), Alaska (1.2), Massachusetts (1.2), Nevada (1.2), Pennsylvania (1.2), Rhode Island (1.2).


The largest increases in initial claims for the week ending September 17 were in Michigan (+6,102), Georgia (+1,837), New York (+1,709), New Jersey (+1,164), and California (+1,130), while the largest decreases were in Indiana (-1,103), Arkansas (-386), Kentucky (-295), Virginia (-288), and Oklahoma (-264)..."

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

• Click here to view the full Labor Department report

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

 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of September 17, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 17, 2022:

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

Predicted: 219,000

• Actual: 213,000

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

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): 208,000

• 4-Week Moving Average: 216,750

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

From Today's Report

"...The highest insured unemployment rates in the week ending September 3 were in New Jersey (2.0), California (1.7), New York (1.6), Puerto Rico (1.6), Rhode Island (1.4), Massachusetts (1.3), Connecticut (1.2), Nevada (1.2), Alaska (1.1), Oregon (1.1), and Pennsylvania (1.1).


The largest increases in initial claims for the week ending September 10 were in Indiana (+738), Arkansas (+217), Iowa (+149), North Dakota (+28), and Maine (+15), while the largest decreases were in California (-3,064), New York (-2,905), Texas (-2,493), Oklahoma (-1,729), and Pennsylvania (-1,355)..."

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

• Click here to view the full Labor Department report

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <

New Unemployment Insurance Claims for The Week of September 3, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 3, 2022:

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

Predicted: 230,000

• Actual: 222,000

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

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): 228,000

• 4-Week Moving Average: 233,000

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

From Today's Report

"...The highest insured unemployment rates in the week ending August 20 were in New Jersey (2.2), California (1.9), Rhode Island (1.8), Connecticut (1.7), New York (1.7), Puerto Rico (1.7), Massachusetts (1.5), Pennsylvania (1.3), and Nevada (1.2).

The largest increases in initial claims for the week ending August 27 were in New York (+4,630), Michigan (+1,199), South Carolina (+290), Hawaii (+263), and New Jersey (+256), while the largest decreases were in Connecticut (-2,635), Oklahoma (-1,260), Missouri (-1,250), Georgia (-853), and California (-802)..."

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

• Click here to view the full Labor Department report

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

 

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <