November 11, 2021
The Bureau of Labor Statistics released the Consumer Price Index (CPI) for October, reporting that inflation reached a 6.2 percent annual rate. This is the highest rate of price increases seen in the United States since 1990. The report showed a large one-month percent change in the CPI of 0.9 percent after lower increases of […]
November 5, 2021
The BLS released their report describing the employment situation in October 2021. Nonfarm payroll employment in the United States increased by 531,000 jobs beating forecasts of around 450,000 jobs for the month. This strong report breaks a two-month trend of disappointing jobs numbers and signals that the economic recovery from the pandemic is again gaining […]
October 11, 2021
The BLS reported that payroll employment in the United States increased by 194,000 jobs in September. This was the second straight month with jobs growth coming in below expectations. The slower than expected growth in employment likely reflects the effect of the delta variant delaying the return of many workers to the labor market. The […]
September 14, 2021
The Job Opening and Labor Turnover Survey (JOLTS) released a report showing that the economy had 10.9 million job openings on July 31. This was a new record high for the data series. To put this number in perspective it is helpful to compare the number of job openings with the number of unemployed workers. […]
September 10, 2021
The BLS reported that the payroll employment increased by 235,000 jobs in August. The jobs number was weak relative to expectations, where many forecasters expected the economy to add nearly 500,000 jobs and served as a reminder that high transmission of coronavirus spurred by the delta variant is still having a significant effect on the […]
