by Calculated Danger on 10/04/2024 08:30:00 AM
From the BLS: Employment Scenario
Complete nonfarm payroll employment elevated by 254,000 in September, and the unemployment fee
modified little at 4.1 %, the U.S. Bureau of Labor Statistics reported in the present day. Employment
continued to development up in meals companies and consuming locations, well being care, authorities, social
help, and development.
…
The change in whole nonfarm payroll employment for July was revised up by 55,000, from +89,000
to +144,000, and the change for August was revised up by 17,000, from +142,000 to +159,000.
With these revisions, employment in July and August mixed is 72,000 larger than beforehand
reported.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added monthly since January 2021.
Payrolls for July and August had been revised up 72 thousand, mixed.
The second graph exhibits the year-over-year change in whole non-farm employment since 1968.
In September, the year-over-year change was 2.44 million jobs. Employment was up solidly year-over-year (Though the annual benchmark revision will decrease the year-over-year change).
The third graph exhibits the employment inhabitants ratio and the participation fee.
The Labor Power Participation Fee was unchanged at 62.7% in September, from 62.7% in August. That is the share of the working age inhabitants within the labor power.
The Employment-Inhabitants ratio elevated to 60.2% from 60.0% in August (blue line).
I am going to publish the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment fee.
The unemployment fee decreased to 4.1% in September from 4.2% in August.
This was properly above consensus expectations, and July and August payrolls had been revised up by 72,000 jobs, mixed. Â
A powerful report. I am going to have extra later …
