Notes from the May 2024 Employment Report

- The U.S. economy added 272,000 jobs during May, the 41th straight month of gains, defying signs of a slowdown and smashing economists’ expectations.
- The unemployment rate rose slightly to 4.0%, although remained near 50-year lows. The rate has remained below 4% for more than two years.
- Both the labor force participation rate and the employment-population ratio were little changed.

https://www.bls.gov/news.release/empsit.nr0.htm

#Economy #BLSdata #EmploymentReport

Notes from the March 2024 Employment Report

Payroll Employment: +303,000
vs. +214,000 expected and +270,000 in February

Unemployment Rate: 3.8%
vs. 3.8% expected and 3.5% one year ago

Average Hourly Earnings, month-over-month: +0.3%
vs. +0.3% expected and +0.2% in February

Average hourly earnings, year-over-year: +4.1%
vs. +4.1% expected and +4.6% one year ago

#Economy #BLSdata #JobsReport

Why There’s So Much Confusion Over Housing Inflation
Axios - March 5, 2024

“When January inflation numbers came in hot last month, one big reason was a spike in owner's equivalent rent (OER), but the uptick may have been largely driven by a change in statistical methodology that was revealed over the last week.”

https://www.axios.com/2024/03/05/housing-inflation-economy-government-oer

#RealEstate #CRE #CPI #Inflation #Shelter #Rent
#Axios #BLSdata
@realestate

Notes from the January 2024 Employment Report

Payroll Employment: +353,000
vs. +185,000 expected and +333,000 in December

Unemployment Rate: 3.7%
vs. 3.8% expected and 3.4% one year ago

Average Hourly Earnings, month-over-month: +0.6%
vs. +0.3% expected and +0.4% in December

Average hourly earnings, year-over-year: +4.5%
vs. +4.1% expected and +4.3% one year ago

https://www.bls.gov/news.release/empsit.nr0.htm

#Economy #JobsReport #BLSdata

One out of five workers teleworked in August 2023
U.S Bureau of Labor Statistics - September 29, 2023

“The telework rate — the number of people who teleworked or worked at home for pay as a percentage of people who were working — has been in the range of 17.9 percent to 20.0 percent between October 2022 and August 2023.”

https://www.bls.gov/opub/ted/2023/one-out-of-five-workers-teleworked-in-august-2023.htm

#RealEstate #CRE #RemoteWork #BLSdata
@[email protected] @realestate

Employment Situation Summary August 2023

Payroll Employment: +187,000
vs. +170,000 expected and +157,000 in July

Unemployment Rate: 3.8%
vs. 3.5% expected and 3.7% one year ago

Average Hourly Earnings, month-over-month: +0.2%
vs. +0.3% expected and +0.4% in July

Average hourly earnings, year-over-year: +4.3%
vs. +4.3% expected and +5.4% one year ago

#BLSdata

Payroll Employment: +187,000
vs. +200,000 expected and +185,000 in June

Unemployment Rate: 3.5%
vs. 3.6% expected and 3.5% one year ago

Average Hourly Earnings, month-over-month: +0.4%
vs. +0.3% expected and +0.4% in June

Average hourly earnings, year-over-year: +4.4%
vs. +4.2% expected and +5.4% one year ago

https://www.bls.gov/news.release/empsit.nr0.htm

#BLSdata

Inflation eased further in June as economy slowly cools
The Washington Post - July 12, 2023

"Prices rose 3 percent in June compared with the year before, and 0.2 percent compared with May, the smallest 12-month increase since March 2021. That marked progress from the last inflation report, when prices rose 4 percent compared with the previous year."

https://www.washingtonpost.com/business/2023/07/12/june-cpi-inflation-report/

#CPI #Inflation #BLSdata

THE EMPLOYMENT SITUATION -- JUNE 2023

"Total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in government, health care, social assistance, and construction."

https://www.bls.gov/news.release/empsit.nr0.htm

#Economy #BLSdata #JobsReport

U.S. Bureau of Labor Statistics
Schedule of Selected Releases for June 2023

https://www.bls.gov/schedule/2023/06_sched_list.htm

#Economy #Economics #BLSdata