by Administrator | Dec 23, 2018 | No Spin News
The final component of the Elite Eight is truck transportation employment where we saw a gain of 4,500 persons. Based on what we read in the trade press about the need for more truck drivers, one might be surprised that the gains on this chart are not larger than what...
by Administrator | Dec 22, 2018 | No Spin News
Temporary help added 8,300 jobs in November, which took the series to a new cycle high. As we have noted previously, when this series starts to move off its cycle high it has been a signal that employment conditions might be softening. The gains here over the past 11...
by Administrator | Dec 21, 2018 | No Spin News
The 9,000-person advance in wholesale trade payrolls is consistent with what we are reading about the level of inventories in the economy. Gains were noted in all three components of this sector, those being durable goods (+6,000), nondurable goods (+2,200) and...
by Administrator | Dec 20, 2018 | No Spin News
The 5,000 person gain in construction employment was the net result of the gains in employment associated with the construction of buildings being partially offset by declines in the hiring associated with the finishing of buildings. Over the past eleven months we...
by Administrator | Dec 19, 2018 | No Spin News
Manufacturing employment continued the string of month-to-month gains that started in August of 2017. The November gain of 27,000 was almost equally balanced between gains in durable goods manufacturing (+15,000) and nondurables (+12,000). Over the past eleven months...
by Administrator | Dec 18, 2018 | No Spin News
Retail employment was up by a net of 18,200 in November, as the 39,300-person gain in general merchandise stores was largely offset by declines at building material stores (-10,900) and sporting goods, hobby, book and music stores (-14,100). It being November, one has...
by Administrator | Dec 17, 2018 | No Spin News
I am not sure that I will ever get over my astonishment of the ability of this sector to generate employment. We had another 32,100 jobs added in November. And, as has been the case for the past several months, both ambulatory care (+19,200) and hospitals (+12,700)...
by Administrator | Dec 16, 2018 | No Spin News
The advance you see in November was the net result of hiring gains at food service establishments being partially offset by declines in hotels and in the performing arts. If you wondered where we count the cast of Hamilton in the employment statistics, now you know....
by Administrator | Dec 13, 2018 | No Spin News
As I was updating this chart I noticed that since July, the month-to-month gain in total employment has been alternating between gains of more than 200,000 and gains of less than 200,000. I don’t know if there is any particular significance to this, but it will be...
by Administrator | Dec 12, 2018 | No Spin News
The November report was a good report and one that is consistent with what we expect at this phase of the cycle. There was nothing here to suggest that the Federal Open Market Committee [FOMC] will want to change its plans for its next scheduled rate hike. But there...
