Tag Archives: Nonfarm Payrolls

U.S. Employment Situation – March 2013

Posted on April 5, 2013 by macromon

Ugly employment data.   Retail hit hard hard losing 24K compared to a gain of 24K last month.  Relatively large net losses at building/materials and clothing stores.  Construction generated 18K net jobs compared to 48K last month.  Job creation in the … Continue reading →

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U.S. Employment Situation – February 2013

Posted on March 8, 2013 by macromon

Strong employment data out of the BLS this morning.  Construction is breaking out, something we’ve been looking for, adding 48K jobs in January,  the largest monthly increase since March 2007.   Now that construction employment is leading it reinforces the notion, … Continue reading →

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Construction Jobs Leading Nonfarm Payrolls

Posted on February 5, 2013 by macromon

March lumber traded limit up today so we thought it is a good time to update our construction employment chart.   Many of the past months were revised up in the latest BLS release and the chart clearly shows the recovery … Continue reading →

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U.S. Employment Situation – January 2013

Posted on February 1, 2013 by macromon

The BLS reported this morning (see full report here), Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Retail trade, construction, health … Continue reading →

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Construction Employment Starting to Rebound

Posted on January 4, 2013 by macromon

Though payrolls came in just below expectations, one positive take away from this morning’s data was the 30 thousand increase in construction jobs.   Almost all of the increase was in residential.   These are relatively well paying jobs compared to … Continue reading →

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U.S. Employment Situation – December 2012

Posted on January 4, 2013 by macromon

Looks like construction hiring  is starting to kick in.   We’ll post something more on this later today. The BLS reported this morning, Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the … Continue reading →

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U.S. Employment Situation – November 2012

Posted on December 7, 2012 by macromon

The BLS reported nonfarm payrolls came in way above consensus led by job creation in the retail sector.  Construction continues to disappoint.  Hats off to Nomura for nailing the number.  Spot on! Here’s the BLS, Total nonfarm payroll employment rose … Continue reading →

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Cue Nonfarm Payrolls

Posted on December 6, 2012 by macromon

Reuters Poll = 93K average Range = 25K (BNP) – 145K (Nomura) (click here if video is not observable)

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The Hammering of the U.S. Construction Worker

Posted on October 4, 2012 by macromon

Tomorrow we get another look at the health of the U.S. labor market. We have posted several pieces about how employment in the construction sector has failed to recover.  Ironically, this is the one sector, which historically, has been most … Continue reading →

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Job Creators in Chief

Posted on September 16, 2012 by macromon

Let us begin by saying we don’t like the title of this post and believe it is misleading. The President cannot,  in our opinion, directly create permanent jobs in the private sector.  Of course, he can hire federal workers and/or … Continue reading →

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