Clemson Economic Trends

December Jobs Report – Employment Continues to Grow

Today the Bureau of Labor Statistics (BLS) released the Employment Situation for December 2022. The report shows that the labor market remains strong, despite the federal reserve rapidly raising interest rates to combat inflation during the second half of 2022. The report showed that the economy gained 223,000 new jobs in December, and the unemployment […]

November Jobs Report – Strong Labor Market and Rising Wages

The Bureau of Labor Statistics released The Employment Situation for November 2022 today. The report contains information from two surveys about the state of the labor market. The household survey reports data from households about individual employment outcomes. This survey found that the unemployment rate was unchanged in November at 3.7 percent. The report also […]

October Jobs Report – A Resilient Labor Market

The Bureau of Labor Statistics released the Employment Situation for October 2022. The report provides evidence that while the labor market remains strong, it is growing at a less rapid pace. Specifically, the report finds that the economy added 261,000 new jobs in October, and the unemployment rate increased slightly to 3.7 percent.  While job […]

September Jobs Report – Unemployment Remains Extremely Low

Today the Bureau of Labor Statistics released its latest report on the Employment Situation in September 2022. The report shows that the labor market remains strong despite the recent large hikes in interest rates undertaken by the Federal Reserve to tame inflation and slow the economy. The unemployment rate dropped to 3.5 percent, matching the […]

August Jobs Report – Workers Returning to Labor Force Increase Unemployment Rate

The Bureau of Labor Statistics (BLS) released the Employment Situation for August 2022. The report found that the economy added 315,000 jobs in August, but the unemployment rate increased by 0.2 percentage points to 3.7 percent. Given the continued strength of job gains, a natural question is how the unemployment rate could continue to rise. […]

PCE Inflation Report Provide Further Evidence That Inflation Has Peaked

The Bureau of Economic Analysis (BEA) released its report on Personal Income and Outlays for July 2022 today. The report gives an updated view of income and inflation in the economy. The report details how personal income, expenditures, and prices evolve each month. On the income side, the BEA found that real disposable personal income […]