• About WordPress
    • WordPress.org
    • Documentation
    • Learn WordPress
    • Support
    • Feedback
  • Log In
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • Contact us
  • Related Sites
    • InflationData.com
    • Financial Trend Forecaster
    • Your Family Finances
    • Elliott Wave University
    • Optio Money
  • About
    • Terms of Use
    • Disclaimer & Disclosure
    • Privacy Statement
  • Sitemap
    • 2009-2010 Posts
    • 2011 Posts

UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
  • Charts
    • Current Unemployment Rate Chart
    • Current Employment Rate (Chart and Data)
    • Current Employment vs Unemployment Chart
    • Historical Employment Data
    • Employment Population Ratio
    • Misery Index
  • Unemployment
    • Historical Unemployment Rate Tables
    • What Is U-6 Unemployment?
    • Unadjusted vs. Seasonally Adjusted U-3 Unemployment Rate
    • BLS vs. Gallup Unemployment Numbers
    • Current U-6 Unemployment Rate
    • What is the Labor Force Participation Rate?
    • What is the Real Unemployment Rate?
  • Employment
    • Current Employment Rate (Chart and Data)
    • Historical Employment Data
    • Contacting a Live Person at the State Employment Commission
      • How to Talk to a Live Person at the Virginia Unemployment Commission
      • Florida’s FLUID Unemployment Program
    • Benefits
      • Insurance
      • Retirement
    • Careers
    • Employment Costs
    • Experience
    • Government
    • Job Hunting
      • Interview
      • Resume
  • Find Articles
  • Education
    • Skills
  • General
    • Small Business
      • Outsourcing
    • Success
You are here: Home / Archives for BLS

BLS

May Employment Nothing Burger

June 6, 2025 by Tim McMahon Leave a Comment

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for May on June 6th, 2025.

Employment / Unemployment 

Adj U3 4.2 percent unchanged

 

  • Seasonally Adjusted U3- 4.2% Unchanged
  • Unadjusted U3- 4.0% Up from 3.9% in April
  • Unadjusted U6- 7.4% Up from 7.3% in April
  • Labor Force Participation Rate- 62.4% Down from 62.6%
  • Employment- 159.964 million Up from 159.238 million
  • Next data release July 3rd, 2025

 

Summary:

Although Total Employed increased slightly in May, and Unadjusted Unemployment was up slightly, Seasonally adjusted Unemployment stayed exactly the same indicating that although unemployment increased it was typical for the month of May. And unemployment has been in a narrow range for an entire year.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, leisure and hospitality, and social assistance. Federal government continued to lose jobs… 

The unemployment rate held at 4.2 percent in May and has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024. The number of unemployed people, at 7.2 million, changed little over the month…

In May, the employment-population ratio declined by 0.3 percentage point to 59.7 percent. The labor force participation rate decreased by 0.2 percentage point to 62.4 percent.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 159.316 million for April
which they adjusted slightly to 159.238 million in June.

They are currently reporting 159.964 million jobs for May which is actually an increase of +648,000 jobs based on their original numbers or +726,000 jobs based on their new adjusted numbers. The LFPR was lower at 62.4%.

Current Unemployment Rate Chart

As we can see, unemployment is 0.7% above pre-COVID lows of 2019 and 0.8% above the January and April lows of 2023.

Seasonally Adj U-3 Unemployment Rate2 May 25 [Read more…] about May Employment Nothing Burger

Filed Under: BLS Tagged With: 2025, BLS, employment, May, unemployment

March 2025- Employment / Unemployment Report

April 5, 2025 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for March on April 4th, 2025.

Employment / Unemployment 

Adj U3 Unemployment 4.2%

 

  • Seasonally Adjusted U3- 4.2% Up from 4.1%
  • Unadjusted U3- 4.2% Down from 4.5% in February
  • Unadjusted U6- 7.9% Down from 8.4% in February
  • Labor Force Participation Rate- 62.5% Up from 62.4%
  • Employment- 158.506 million Up from 157.950 million
  • Next data release May 2nd, 2025

 

 

Summary:

The total number of Employed increased in March, and Unadjusted Unemployment was down but Seasonally Adjusted Unemployment was up.

So although Unadjusted Unemployment fell sharply from 4.5% to 4.2%  Adjusted Unemployment rose slightly from 4.1% to 4.2%.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment rose by 228,000 in March, higher than the average monthly gain of 158,000 over the prior 12 months. In March, job gains occurred in health care, in social assistance, and in transportation and warehousing. 

Employment also increased in retail trade, partially reflecting the return of workers from a strike. Federal government employment declined. 

Health care added 54,000 jobs in March, in line with the average monthly gain of 52,000 over the prior 12 months. 

Retail trade added 24,000 jobs in March, as workers returning from a strike contributed to a job gain in food and beverage retailers (+21,000). 

Employment in transportation and warehousing rose by 23,000 in March, about double the prior 12-month average gain of 12,000.

Within government, federal government employment declined by 4,000 in March, following a loss of 11,000 jobs in February. (Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.)”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 157.983 million for February
which they adjusted slightly to 157.950 million.

They are currently reporting 158.506 million jobs for March which is actually an increase of 523,000 jobs based on their original numbers. The LFPR was up from 62.4% to 62.5%.

Current Unemployment Rate Chart

As the chart below shows, although unemployment is still low, it is above the lows of 2019 and 2023. At 4.2%, Seasonally Adjusted unemployment is still “Very Good” it is still lower than the lowest achieved in 2006-2007.

Seasonally Adj U-3 Unemployment Rate Mar 25 [Read more…] about March 2025- Employment / Unemployment Report

Filed Under: BLS Tagged With: ADP, BLS, employment, March 2025, unemployment

February 2025 Jobs Report

March 8, 2025 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for February on March 7th, 2025.

Employment / Unemployment 

Adj U3 Icon 4-1-up

 

  • Seasonally Adjusted U3- 4.1% Up from 4.0%
  • Unadjusted U3- 4.5% Up from 4.4% in January
  • Unadjusted U6- 8.4% Up from 8.2% in January
  • Labor Force Participation Rate 62.4% Down from 62.6%
  • Employment 157.983 million Up from 157.092 million
  • Next data release April 4th, 2025

 

Summary:
Total Employed increased in February, but Unadjusted Unemployment was up. Seasonally adjusted Unemployment also increased.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment rose by 151,000 in February, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. Federal government employment declined…

Both the unemployment rate, at 4.1 percent, and the number of unemployed people, at 7.1 million, changed little in February. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024…

 In February, employment trended up in health care, financial activities, transportation and warehousing, and social assistance. Federal government employment declined.“

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 157.091 million jobs for January
which they just adjusted slightly to 157.092 million.

They are currently reporting 157.983 million jobs for February which is actually an increase of 892,000 jobs.

Despite the rise in employment, unemployment was also up, and the Labor Force participation rate was down.

The LFPR was down from 62.6% to 62.4%.

Current Unemployment Rate Chart

As the chart below shows, although unemployment is still low, it is above the lows of 2019 and 2023. At 4.1%, Seasonally Adjusted unemployment is still “Very Good”.

Seasonally Adj U-3 Unemployment Rate Feb 25 [Read more…] about February 2025 Jobs Report

Filed Under: BLS Tagged With: BLS, employment, February 2025, Jobs Report

January 2025 BLS Employment Report

February 8, 2025 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for January on February 7th, 2025.

Employment / Unemployment 

Adj U3 Icon 4.0

 

  • Seasonally Adjusted U3- 4.0% Down from December
  • Unadjusted U3- 4.4% Up from December
  • Unadjusted U6- 8.2% Up from December
  • Labor Force Participation Rate 62.6% Up
  • Employment 157.091 million Down from 159.943 million
  • Next data release March 7th, 2025

 

Summary:
The BLS sent mixed signals in January, with the Commissioner’s report stating a rise in employment and a fall in adjusted unemployment. However, the Unadjusted Establishment Survey report shows a decline in the number of employed and a massive downward adjustment in employment for all of 2023 and 2024.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment rose by 143,000 in January, and the unemployment rate edged down to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry…

The unemployment rate edged down to 4.0 percent in January, after accounting for the annual adjustments to the population controls. The number of unemployed people, at 6.8 million, changed little over the month.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 160.458 million for December
which they just adjusted to 159.943 million.

They are currently reporting 157.091 million jobs for January which is actually a decrease of 3,367,000 jobs compared to their originally reported numbers or a decrease of 2,852,000 based on their new numbers.

Despite the drop in employment the LFPR was up from 62.5% to 62.6% which could indicate an increase in people entering the labor force rather than an increase in jobs.

Current Unemployment Rate Chart

As the chart below shows, although unemployment is still low, it is above the lows of 2019 and 2023. At 4.0%, Seasonally Adjusted unemployment is still “Very Good”.

Seasonally Adj U-3 Unemployment Rate Jan 25

 

[Read more…] about January 2025 BLS Employment Report

Filed Under: BLS Tagged With: 4.0%, ADP, BLS, January 2025

December 2024 Unemployment Report

January 11, 2025 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for December on January 10th, 2025.

Employment / Unemployment 

Adj U3 Icon 4-1

 

  • Seasonally Adjusted U3- 4.1% Down from November
  • Unadjusted U3- 3.8% Down from November
  • Unadjusted U6- 7.4% Unchanged
  • Labor Force Participation Rate 62.5% Unchanged
  • Employment 160.458 million Down from 160.539 million
  • Next data release February 7th, 2025

 

 

Summary:
Total Employed Decreased in December, Unadjusted Unemployment was unchanged, but Seasonally adjusted Unemployment decreased.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November.

The unemployment rate changed little at 4.1 percent in December. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 160.560 million for November
which they adjusted to 160.539 million this month.

They are currently reporting 160.458 million jobs for December which is actually a decrease of -102,000 jobs based on their original numbers. Or -81,000 jobs based on their revised numbers.

The LFPR was unchanged at 62.5%.

Bad News or Good News?

Once again, the perverse nature of the stock market showed its ugly head. The market  took the BLS report as good enough to generate fear that the FED won’t cut rates again soon. So, the NYSE lost 547.73 points or 2.8%. This brought the market back down to the lows of December 19, 2024.NYSE Composite thru Jan 10 2024

Current Unemployment Rate Chart

As we can see from the chart below, although still low, unemployment has risen 0.7 percentage points since the lows of 2023. At 4.1%, unemployment is no longer in the “Excellent” range but still in the “Very Good” range.

Seasonally Adj U-3 Unemployment Rate Dec24

[Read more…] about December 2024 Unemployment Report

Filed Under: BLS Tagged With: BLS, December 2024, employment, unemployment

November Unemployment Report

December 7, 2024 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for November on December 6th, 2024.

Employment / Unemployment 

Adj U3 Unemployment 4.2%

  • Seasonally Adjusted U3- 4.2% Up from October
  • Unadjusted U3- 4.0% Up from October
  • Unadjusted U6- 7.4% Up from October
  • Labor Force Participation Rate 62.5% down from October
  • Employment 160.560 million up from 160.035 million
  • Next data release January 3rd, 2025

 

Summary:
Total Employed increased in November, but Unemployment increased. Labor Force Participation fell by 0.1%.  In the perversity of markets, overall, the report was sufficiently bad to give the market hope for another rate cut by the FED.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, leisure and hospitality, government, and social assistance. Retail trade lost jobs.

Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in November. These measures are higher than a year earlier, when the jobless rate was 3.7 percent, and the number of unemployed people was 6.3 million.”

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 160.007 million for October
which they adjusted slightly to 160.035 million.

They are currently reporting 160.560 million jobs for November which is actually an increase of 525,000 jobs based on the new numbers or 553,000 based on the original numbers. The LFPR was down from 62.6% to 62.5%.

Bad News is Good News?

Once again, the stock market took the report as bad enough to generate hope that the FED will cut rates again soon but not so bad to wreck the economy.

Current Unemployment Rate Chart

As we can see from the chart below, although still low, over the last year unemployment has risen 0.8% from the lows of 2023. At 4.2% unemployment is no longer in the “Excellent” range but still in the “Very Good” range.

Seasonally Adj U-3 Unemployment Rate Nov 2024

 

[Read more…] about November Unemployment Report

Filed Under: BLS Tagged With: 2024, BLS, November

October 2024 Employment / Unemployment Report

November 2, 2024 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for October on November 1st, 2024.

Employment / Unemployment 

Seasonally Adjusted Unemployment Rate

 

  • Seasonally Adjusted U3- 4.1% Unchanged from September
  • Unadjusted U3- 3.9% Unchanged from September
  • Unadjusted U6- 7.3% Unchanged from September
  • Labor Force Participation Rate 62.6% down from September
  • Employment 160.007 million up from 159.181 million
  • Next data release December 6th, 2024

 

Summary:
Total Employed increased very slightly in October, Unadjusted Unemployment was unchanged, Seasonally adjusted Unemployment was unchanged. Virtually everything was unchanged except LFPR fell by 0.1%.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity…

The unemployment rate was unchanged at 4.1 percent in October, and the number of unemployed people was little changed at 7.0 million. These measures are higher than a year earlier, when the jobless rate was 3.8 percent, and the number of unemployed people was 6.4 million.”

You can read the full BLS report here.

So, for the month little changed, but on a year-over-year basis the economy is worse with more unemployed people.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 159.177 million for September
which they adjusted slightly to 159.181 million in November.

They are currently reporting 160.007 million jobs for October which is actually an increase of 83,000 jobs over their initial numbers or 82,600 over their revised numbers. The LFPR was down slightly from 62.7% to 62.6%.

Bad News for the Market?

The stock market initially rallied but lost steam mid-day and ended up down for the day. As we said last month, “the market doesn’t like uncertainty so it is waiting for election results before making any major moves. Other uncertainty revolves around the Middle-East and Russia.” Despite a rally in-between, the NYSE is roughly at the same place it was on August 30th.

Current Unemployment Rate Chart

As we can see from the chart below, although still low, unemployment is above pre-COVID lows of 2019 and 0.7% above the January and April lows of 2023.

Before the COVID-19 spike, February 2020’s 3.5% Seasonally Adjusted U-3 unemployment levels were excellent, i.e., just a hair above the 1969 lows of 3.4%. The only break below 3.4% was all the way back in 1953 (during the Korean War). The COVID worldwide spike took unemployment to unprecedented high levels, but then returned to the “excellent” range.

At 4.1% it is no longer “Excellent” but still in the “Very Good” range.

Seasonally Adj U-3 Unemployment Rate2 Oct24

[Read more…] about October 2024 Employment / Unemployment Report

Filed Under: BLS Tagged With: ADP, BLS, employment, October 2024, unemployment

August 2024 Jobs Report

September 7, 2024 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for August on September 6th, 2024.

Employment / Unemployment 

4.2% Unemployment

  • Seasonally Adjusted U3- 4.2% down from 4.3% in July
  • Unadjusted U3- 4.4% down from 4.5% in July
  • Unadjusted U6- 8.0% down from 8.2% in July
  • Labor Force Participation Rate 62.7% unchanged
  • Employment 158.650 million up from 158.387 million
  • Next data release October 4th, 2024

 

Summary:
Total Employed increased in August increased by 205,000 while the Civilian non-institutional population (a relatively narrow definition) increased by 212,000 over the same period so jobs didn’t even keep up with the population.

To make matters worse, jobs decreased by -947,000 in July and then the BLS announced the March 2024 Jobs numbers will be adjusted down by 818,000 in January. So, we can expect the January adjustment report to show all the numbers for 2024 to be pretty much fiction.

But… According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction and health care…

Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in August. These measures are higher than a year earlier, when the jobless rate was 3.8 percent, and the number of unemployed people was 6.3 million.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 158.445 million for July
which they adjusted down -58,000 to 158.387 million in today’s report .

They are currently reporting 158.650 million jobs for August which is actually an increase of 205,000 jobs based on their originally reported July numbers. But still below the 159.392 million originally reported in June and not that much different than the 158.461 originally reported last November. The LFPR was unchanged from July at 62.7%.

Bad News for the Market?

The stock market peaked on August 30th and has fallen since then and the jobs report didn’t help stem the decline. After the Friday jobs report the NYSE fell another 1.14%.  Our NYSE ROC chart created based on August month-end numbers showed a cross above the top line of a long-term channel and we said “The market is definitely at a point of exuberance. We can expect it to correct back down to at least the yellow Mid-Term Support.”

The current drop just brings the NYSE back within the channel, so it still has a long way to go to get to the channel mid-point.

On the geopolitical front, Hamas killed several hostages rather than let them be rescued. So the market still fears a war in the Middle East. The Japanese financial problems seem to have settled down now and the market is anticipating a FED rate cut shortly.

 

Current Unemployment Rate Chart

Seasonally Adjusted U3 Unemployment is well above the pre-COVID 2019 cyclical lows of 3.5%, but is approaching the yellow zone.

Seasonally Adj U-3 Unemployment Rate2 Aug 24

[Read more…] about August 2024 Jobs Report

Filed Under: General Tagged With: August, August Unemployment, BLS, Employment Report

July Jobs Report Spooks Stock Market

August 3, 2024 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for July on August 2nd, 2024.

Employment / Unemployment 

Adj U3 Icon 4-3 up

  • Seasonally Adjusted U3- 4.3% up from 4.1% in June
  • Unadjusted U3- 4.5% up from 4.3% in June
  • Unadjusted U6- 8.2% up from 7.7% in June
  • Labor Force Participation Rate 62.7% up from 62.6%
  • Employment 158.445 million down from 159.360 million
  • Next data release September 6th, 2024

Summary:
Total Employed decreased in July, adjusted and Unadjusted Unemployment was up.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 159.392 million for June
which they then adjusted to 159.360 million in August.

They are currently reporting 158.445 million jobs for July which is actually a decrease of 947,000 jobs based on their original numbers. The LFPR was up at 62.7% but the Employment/Population Ratio was down from 60.1% to 60.0%.

Bad News for the Market?

On Wednesday (prior to the Jobs data release on Friday) the stock market reacted bullishly to FED Chairman Powell’s dovish speech with anticipation of a September rate cut. But then markets reversed course on Thursday on preliminary Employment numbers. But what they failed to recognize is that the worst months (highest unemployment) are usually January, June, and July. So a bad July doesn’t really signify much.

Adding to the market’s woes, Intel dropped a bombshell with its earnings report. The company announced plans to slash jobs and suspend dividends after missing earnings targets and delivering a disappointing sales forecast. Intel shares cratered over 25% in early trading, dragging other chip stocks down with it.

In other news, Israel is suspected of killing a Hamas leader inside Iran. So now the market also fears retaliation by Iran causing a war in the Middle East. In addition to these political problems, Japan is creating financial problems for the U.S. by raising interest rates while other countries are lowering them. As you can see from the chart below, Japan has had zero or near-zero interest rates for almost 30 years. For a brief stretch, their rates got all the way up to 3/4 of 1%! (Horror of Horrors). But since 2008 they have been below 1/3rd of 1%.

Japanese Interest Rates

This has created what is called the “Carry Trade” where people could borrow Yen almost interest-free and invest that money in higher-yielding things like Nvidia or other NASDAQ stocks or even lower-risk things like U.S. Treasury Bills. However, with the Bank of Japan (BOJ) raising rates, the free money is drying up, which creates selling pressure on the NASDAQ.

The NYSE was down -1.79% on Friday after being down -1.16% on Thursday.

Current Unemployment Rate Chart

Seasonally Adjusted U3 Unemployment remains above the pre-COVID 2019 cyclical lows of 3.5%, but is approaching the yellow zone.

Seasonally Adj U-3 Unemployment Rate

[Read more…] about July Jobs Report Spooks Stock Market

Filed Under: BLS Tagged With: 2024, ADP, BLS, employment, Japan, July, unemployment

June Employment Weak

July 6, 2024 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for June on July 5th, 2024.

Employment / Unemployment 

Adj U3 Icon 4-1-up

  • Seasonally Adjusted U3- 4.1% up from 4.0% in May
  • Unadjusted U3- 4.3% up from 3.7% in May
  • Unadjusted U6- 7.7% up from 7.1% in May
  • Labor Force Participation Rate 62.6% up from 62.5%
  • Employment 159.392 million up from 158.845 million
  • Next data release August 2nd, 2024

Summary:
Total Employed increased in June, Unadjusted Unemployment was up sharply, but Seasonally adjusted Unemployment increased only slightly.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in government, health care, social assistance, and construction…

Both the unemployment rate, at 4.1 percent, and the number of unemployed people, at 6.8 million, changed little in June. These measures are higher than a year earlier, when the jobless rate was 3.6 percent and the number of unemployed people was 6.0 million.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Unadjusted Establishment Survey report we see…
Originally the BLS reported employment of 158.918  million for May
which they now adjusted to 158.845 million.

They are currently reporting 159.392 million jobs for June which is actually an increase of 474,000 jobs compare to what they first reported or 547,000 compared to their new numbers.

The LFPR was up from 62.5% to 62.6%.

Good News for the Market?

In the perverse stock market of these post-pandemic days, the market is looking for an excuse for the FED to cut interest rates so “Bad News is Good News” for the market.

The news wasn’t bad enough to spark a major rally but after falling initially, at around 10:30 AM the market turned around and rallied for the rest of the day taking it to slightly above the previous day’s close. So basically a giant “nothing burger”.

Current Unemployment Rate Chart

Seasonally Adjusted U3 Unemployment remains above the pre-COVID 2019 cyclical lows of 3.5%, but is approaching the yellow zone.

Seasonally Adj U-3 Unemployment Rate June 24

[Read more…] about June Employment Weak

Filed Under: BLS, Employment, Unemployment Tagged With: ADP, BLS, employment, June, unemployment

  • Page 1
  • Page 2
  • Page 3
  • Interim pages omitted …
  • Page 8
  • Go to Next Page »

Primary Sidebar

Search Site

Sponsored:

Here's the Best Day to Buy Nvidia

Did you know Nvidia has an 86% history of soaring, beginning on one particular day every single spring? We call this the "Green Day phenomenon." It works on 5,000 stocks. For example, Tesla has a 100% history of soaring beginning on one particular day every single year.

Click here to see the green days for 5 major stocks today.

Recent Posts

  • May Employment Nothing Burger
  • April 2025 Employment / Unemployment Report
  • Would More Jobs Help Social Security?
  • March 2025- Employment / Unemployment Report
  • February 2025 Jobs Report

Resources

  • Bureau of Labor Statistics Current Population Survey Monthly survey of households conducted by the Bureau of Census for BLS. It provides data on the labor force, employment, unemployment, etc.
  • Capital Professional Services Providing web design and development and Internet marketing services
  • Elliott Wave University Using the Elliott Wave Principle to improve investment performance
  • Financial Trend Forecaster Featuring Moore Inflation Predictor, NYSE Rate of Change and NASDAQ Rate of change
  • InflationData.com Inflation calculators, databases, etc.
  • Intergalactic Web Designers Web design and development services
  • Your Family Finances

Articles by Category

Articles by Date

Disclaimer

At UnemploymentData.com we are not registered investment advisors and do not provide any individualized advice. Past performance is not necessarily indicative of future performance and future accuracy and profitable results cannot be guaranteed.

Privacy & Terms of Use

Privacy Statement & Terms of Use

Do Not Sell My Information

Copyright © 2025 · News Pro on Capital Professional Services, LLC. All rights reserved · Log in