by Calculated Threat on 10/04/2024 08:30:00 AM
From the BLS: Employment Scenario
Whole nonfarm payroll employment elevated by 254,000 in September, and the unemployment price
modified little at 4.1 %, the U.S. Bureau of Labor Statistics reported right now. Employment
continued to pattern up in meals providers and ingesting locations, well being care, authorities, social
help, and building.
…
The change in complete 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 greater than beforehand
reported.
emphasis added
Click on on graph for bigger picture.
The primary graph reveals the roles added monthly since January 2021.
Payrolls for July and August had been revised up 72 thousand, mixed.
The second graph reveals the year-over-year change in complete 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 reveals the employment inhabitants ratio and the participation price.
The Labor Power Participation Charge was unchanged at 62.7% in September, from 62.7% in August. That is the proportion of the working age inhabitants within the labor pressure.
The Employment-Inhabitants ratio elevated to 60.2% from 60.0% in August (blue line).
I will submit the 25 to 54 age group employment-population ratio graph later.
The fourth graph reveals the unemployment price.
The unemployment price 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 robust report. I will have extra later …
