An easing of commercial restrictions, mass vaccinations and pent-up demand racing ahead of the overall reopening of the economy bolstered hiring in April to the tune of 266,000 jobs as the unemployment rate increased to 6.1%, according to government data released Friday. … READ MORE >
jobs report
Employment report preview: Expect a gain of 1.4 million jobs in April
With nearly 150 million Americans having received at least one dose of a COVID-19 vaccine, we expect a net increase in employment of roughly 1.4 million jobs in April, with risk of a much larger gain in private-sector employment. We expect the unemployment rate to fall to 5.7%. … READ MORE >
Employment in the middle market is set for reconstruction following a difficult year
Forward-looking components in the RSM US Middle Market Business Index imply that midsize firms are ready to expand hiring and bolster compensation over the next six months as the real economy reopens and enters a hyper-competitive post-pandemic period. … READ MORE >
March employment preview: Expect a gain of 1 million jobs
We expect a net increase in total employment of 1 million, with risk of a much larger gain, and a decline in the unemployment rate to 5.8% when the March jobs report is released on Friday. … READ MORE >
February jobs preview: Winter doldrums ahead of a springtime rebound
We expect a total increase in employment of 105,000 jobs for February—with the unemployment rate holding steady at 6.3%—when the Labor Department releases its monthly data on Friday. … READ MORE >
U.S. employment report: A weak gain in jobs and a nonvirtuous decline in the jobless rate to 6.3%
The intense debate over whether there needs to be a large fiscal stimulus package was supplemented by a weak U.S. employment report for January that saw an anemic gain of 49,000 jobs while 406,000 people exited the workforce. … READ MORE >
Employment report preview: Policy implications paramount following January data
We expect that the December employment downturn will be a one-month occurrence and that the January jobs data, to be released Friday, will show a gain of 190,000 and a decline in the unemployment rate to 6.6%. … READ MORE >
U.S. December employment report: Temporary stall in hiring
Hiring in the American economy declined by 140,000 in December as firms felt the effects of the six-month delay by the political sector in providing fiscal aid to the public, and the subsequent pulling back in economic activity. … READ MORE >
December payroll preview: State and local government employment to continue contracting
We anticipate a decline of 75,000 jobs in total U.S. employment and an increase in the unemployment rate to 6.8% when the jobs report is released Friday. … READ MORE >
U.S. November employment report: Winter is coming
The recall of workers and job creation continued to slow in November to 245,000, while the unemployment rate declined to 6.7%, just ahead of what is likely to be a pandemic-induced drag on domestic labor market conditions over the next few months. … READ MORE >