Jobs Report: Stagnation Continues

By: Daniel Horowitz (Diary)  |  July 6th at 10:45 AM  | 

The June jobs report from the BLS is out this morning, and the findings are not pretty.  The headline number of the establishment survey is that only 80,000 net jobs were created last month, about 100k under the requisite amount to accommodate the population increase.  The working-age population grew by 189k in June, according to the household survey.  As such, there are now 29 thousand | Read More »

April Jobs: More is Less

By: Daniel Horowitz (Diary)  |  May 4th at 09:38 AM  | 

The headline number from the BLS’s Establishment Survey was an addition of 115,000 jobs for the month of April.  That is a terrible number for this far into the recovery, as it fails to keep up with population growth.  At this time in the Reagan recovery, the economy added a population-adjusted 480,000 jobs.  So why did the unemployment rate (U3 number) drop another 0.1% to | Read More »