BLS

BLS May Report: Weaker than Anticipated; March, April Revisions Down, Bombshell in Footnotes

As the Bureau of Labor Statistics reported, in May, only 138,000 jobs were created, fewer than Wall Street’s estimated 185,000. According to Fox Business News, in a pre-release poll of 100,000 economists, the lowest predicted jobs total was 140,000. Coming in 2,000 jobs lower than the most pessimistic estimate proves how bad the May report is.

April Bureau of Labor Statistics Report: The More Things Change, the More They Stay the Same

President Donald Trump’s election encouraged economists that more jobs would soon be on the way. But the April Bureau of Labor Statistics report, while better than anticipated and only the second of the Trump administration, looked disappointingly similar to the uninspiring jobs data during President Obama’s two terms.

Dreary March BLS Report Should Motivate Trump to Get Busy on his Promise to Reduce Immigration

The March Bureau of Labor Statistics report is surely not what President Trump wished for. The economy added a measly 98,000 jobs, the lowest total since May 2016.

February BLS Unspectacular, but Pew Report Projecting Huge Working-Age Immigrant Increases Alarming

The Bureau of Labor Statistics sort-of-okay jobs report for February isn’t the week’s most significant economic news. BLS data showed that in February the economy added 235,000 jobs, slightly above expectations. The labor participation rate increased from 62.9 percent to 63 percent, while unemployment remained unchanged at 4.7 percent. More details that include strong construction hiring, but weak wage growth, are on the BLS website here.

January Employment is Mixed Report – Increases in Low-Paying Segments

In the Trump administration’s first Bureau of Labor Statistics report, January data had a mix of good, bad and ugly news. The good: Employment increased by 227,000 jobs, slightly higher than Wall Street’s prediction. And the labor force participation rate rose slightly to 62.9 percent from last month’s 62.7 percent.

The Obama Administration’s Swan Song BLS Report: 95.1 Million Not in Labor Market

In December, the economy created 157,000 jobs, about 20,000 less than Wall Street analysts predicted. Of those 156,000 jobs, 41,000 were part-time. A record 95.1 million people are not in the labor market, an 18,000 increase from the last month, and an astronomical 841,000 bump over the last three months.

Great Jobs News (for Carrier Employees), but November BLS Report Bad News for Others

A Merry Christmas for these Carrier employees and hundreds of their co-workers.

Last Pre-Election BLS Report is Spectacularly Underwhelming

Analysts hoped that the October economy would have generated 175,000 new jobs. The actual number the Bureau of Labor Statistics reported was even less inspiring, 161,000 of the usual low-paying, part-time jobs. Changed little over the past month was employment in major industries, including mining, construction, manufacturing, wholesale trade, retail trade and transportation.

September BLS Report Ignores, as it Always Does, American Job Displacement

The September Bureau of Labor Statistics jobs report announced that the economy generated 156,000 new jobs, fewer than the 176,000 Wall Street analysts had predicted. About 7.9 million Americans are unemployed, which the Labor Department said is a little-changed statistic over the year. From month to month, the BLS reports are a monotonous litany of poor economic growth and dismal job creation.
 

August BLS Report, Labor Day Edition: Table Waiting, Bartending Employment Booming

This summer, my granddaughter had a part-time job as a cashier at a large box store retailer. Last month, before she left for college, I told her – kidding on the square – that her cashier’s job may be the best one she’ll ever have even after she earns her diploma.

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