Jobs Report

Non-farm Payrolls The latest jobs report came out on June 1st with the U.S. Department of Labor reporting that non-farm payrolls (jobs) increased by 69,000 in May (seasonally adjusted). See Current Employment Data for the unadjusted non-farm payroll data. Today’s chart compares the total nonfarm payrolls (blue line) to its two components Private sector job market (gold line) and Government […]

A New Record for Unemployment

The non-farm payrolls figure for March was bad. The economy lost another 663,000 jobs that month. This brought the total jobs lost in the first quarter of 2009 to almost 2 million. Compare that to all of 2008, where “only” just over 3 million jobs were lost all of that year. At the rate of […]