Economy

Before we jump into our Non-Farm Payroll Forecast (NFP) for August, it is worth noting that on August 21st, the Bureau of Labor Statistics announced its preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. …

We’ll publish more data shortly, but given that we wait for the 1st of the month to populate our model with the prior month’s jobs data (combined with the fact that I’ve been traveling all day), we wanted to get …

In June we saw a decrease in total unique job listings across 58% of markets, which continued a downward trend we have seen over the past few months. Total U.S. job listings fell 1.3% overall in June, and new job …

Being on vacation this week around the 4th, I will be keeping commentary to a bare minimum for our June non-farm payroll forecast – an unfortunate disservice to the magnitude of our forecast given that we project a loss of …

  In May we saw an increase in total unique job listings across 64% of markets, down from an increase across 73% of markets in April. Overall total job openings rose just 1% for the month, with new jobs openings …

Occasionally over the years, it’s been the case that as I am working on our non-farm payroll forecast, I’ll hear a song that is extremely relevant to the current employment situation. It happened again this month when I recently heard …

Discretionary spending is up in 2019. However, while people might be buying plenty of things, it appears cars aren’t on their must-have-it-now list. Slow Q1 sales have been commonplace for major automotive retailers since 2016. (See below chart.) As sales …

S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, and LinkUp, the leading provider of global job market information to the financial industry, have collaborated to create the S&P 500® LinkUp Jobs Index. As the first index of …

We will post additional analysis periodically through the remainder of the day, but the headline is that we are forecasting a net gain of 235,000 jobs for tomorrow’s non-farm payroll (NFP) report for April.     Update below posted at …

Spring up It is a time of renewed growth—budding trees, blooming flowers, basketball madness, and elevated job openings. We are halfway between the holiday and summer slowdowns (much like October which tends to be another strong month for job growth). Employers are …