Considering recent data on Unemployment Insurance Claims where new issues are both not outstanding, and within the trend (227,000), as well as employment payroll lackluster additions (114,000), what labor analysts observe is […]
US labor market is neither shrinking nor expanding
Industries that may adjust hiring as the Labor Market softens
Recent uptick in the Unemployment Rate may be a spillover of the so-called “Great Resignation”. The main effect of the phenomenon has been a tight Labor Market where employers struggled to find […]
[Econometricus Nowcast] Lower Levels of New Unemployment Insurance Claims
The week ending on 2024-08-10 registered a preliminary number of 227,000 new unemployment insurance claims. The US Department of Labor’s reported number is significantly lower than its previous ten weeks running average […]
No Significant Changes in US Inflation during July 2024
Inflation remained persistently sticky during July 2024. Reported Data on Headline Inflation for the month read at 2.84 percent change on over-the-year basis. Change over-the-month totaled 0.15 percent. The current over-the-year change […]
[Econometricus Nowcast] US Unemployment Rate Unchanged
Considering the latest data available (published on 2024-07-01) from the Bureau of Labor Statistics on both Labor Force Participation and Number of Unemployed People, the Unemployment Rate Nowcast reads unchanged at 4.39 […]
US Labor Market may be Correcting High Compensations from “Great Resignation”
The reported number of unemployed people (7,163,000) plus the weekly mean of Unemployment Insurance Initial Claims (240,000) pushed the US Unemployment Rate to almost 4.4% during the month of July 2024. Interpreting […]
All Eyes on Sticky Wage Inflation
Despite recent labor market cooldown news, data show price increases may have a greater risk than unemployment rate increases. Analysts looking to understand the balance of risk within the Federal Reserve dual […]
Two years of US Labor Market Lock-Down
July 2024 marks two years of constant decline in frictional unemployment levels. Labor Quits Data continue to show employees are staying put, while Separations Data show employers do not easily let go […]
Maryland Unemployment Rate by County, Estimates for July 2024
County Unemployment Rate Worcester County 3.4 Allegany County 2.9 Baltimore city 3 Cecil County 2.3 Baltimore County 2.3 Carroll County 1.7 Calvert County 1.9 Dorchester County 2.4 Anne Arundel County 1.9 Frederick […]
“Slight” and “Moderate” dominate the narrative of US Economy
The latest qualitative data, the Beige Book, shows flat to modest growth in economic activity across most of the US economy. The Cleveland and Minneapolis Federal Reserve Bank Districts informed of softening […]
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