Consistent Payrolls – Confirmation

Posted - Filed under Payroll Survey.

Last week’s annual benchmark revision to the Payroll Survey released by the Bureau of Labor Statistics finally removed the erroneous and significant surge that was introduced a year ago. This was the 423,000 jobs gain for November 2014 which we referred to in our Consistent Payrolls Series introduction early last year.  This number was a… Read more » Read More

Payrolls Watch: Growth Breaks Trend

Posted - Filed under Payroll Survey, Uncategorized.

Updating our look at the October 2015 payrolls, where we compared the year-to-year growth with the rolling 3-month growth. The three-month growth rate (annualized) has broken through to the upside of the still down-trending year-over-year growth rate. The annual percentage growth to December 2015 of 1.9% is still below the 2.3% recorded for the year… Read more » Read More

Unrounded Unemployment – Down in December

Posted - Filed under Employment, Household Survey.

December’s unemployment headline rate was unchanged at 5.0% –  flat since October.  But, as we reported last month, the rounding of the rate to one decimal places hides some detail. When we look at the unemployment rate to two decimal figures, we see that it has reached a new minimum.    And this is on… Read more » Read More