The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Washington NJ, total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics
reported today. Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and in
transportation and warehousing. Employment in public education declined over the month.
Dow Jones estimate for 500,000
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Washington DC, total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.
Continue reading September’s Jobs Report Big Miss, Payrolls Increasing by only 194,000
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Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.3 percent before seasonal adjustment.
Continue reading Consumer Price Index Posts Less than Expected Increase in July
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Trenton NJ, Preliminary estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased in July by 14,600, to reach a seasonally adjusted level of 3,954,100. This marks the seventh consecutive month of gains in the state’s total nonfarm job level.
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Washington DC, Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate declined by 0.5 percentage point to 5.4 percent, the U.S. Bureau of Labor Statistics
reported today. Notable job gains occurred in leisure and hospitality, in local government education, and in professional and business services.
Continue reading US Economy adds 943,000 Jobs in better-than-expected jobs report
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Washington DC, total nonfarm payroll employment rose by 850,000 in June, and the unemployment rate was little changed at 5.9 percent, the U.S. Bureau of Labor Statistics reported on Friday. Notable job gains occurred in leisure and hospitality, public and private education, professional and business services, retail trade, and other services.
Continue reading US Total Nonfarm Payroll Employment Rose by 850,000 in June Surpassing Expectations
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Washington DC, the Producer Price Index for final demand increased 0.6 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 1.0 percent in March and 0.5 percent in February. (See table A.) On an unadjusted basis, the final demand index moved up 6.2 percent for the 12 months ended in April, the largest advance since 12- month data were first calculated in November 2010.
Continue reading The Producer Price Index Posts the Largest Advance Since November 2010
president Jimmy Carter
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Ridgewood NJ, fanning the fear of inflation ,the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment.
Continue reading Consumer Price Index Posts Largest 12-month Increase Since September 2008
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Trenton NJ, New Jersey’s lackluster recovery private sector employers added to their payrolls in November for the seventh consecutive month while employment in the public sector moved lower. Estimates produced by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 7,100 in November to reach a seasonally adjusted level of 3,896,300. The gains were recorded in the private sector (+9,700) of the state’s economy while employment in the public sector fell by 2,600.
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Morristown NJ, On November 19th, New Jersey’s Department of Labor and Workforce Development issued the monthly jobs report for October 2020. Dr. Charles Steindel, former Chief Economist of the State of New Jersey and current Resident Scholar, Anisfield School of Business at Ramapo College, analyzed the report for the Garden State Initiative:
Continue reading New Jersey’s Recovery Stalls: Jobs Down, Unemployment Up
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Washington DC, Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor
market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase in government
employment largely reflected temporary hiring for the 2020 Census. Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and
in education and health services.
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Trenton NJ, Estimates released by the U.S. Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 129,900 in July to a seasonally adjusted level of 3,751,900. All of the gain was recorded in the private (+146,700) sector of the state’s economy. New Jersey has now regained a total of 341,300 jobs in the three months since a low point in April, or 41 percent of the jobs lost due to the coronavirus pandemic and shutdown measures taken in response to contain it. The state’s unemployment rate fell by 3.0 percentage points in July to 13.8 percent. See the technical notes at the end of this release for further information about the impact of the coronavirus on this month’s employment estimates.
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Washington DC, The Producer Price Index for final demand fell 0.2 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease followed a 0.4-percent increase in May
and a 1.3-percent decline in April. (See table A.) On an unadjusted basis, the final demand index moved down 0.8 percent for the 12 months ended in June.
Continue reading Producer Price Index Declines Suggests Inflation Under Wraps
By Eric Strauss, August 18, 2017 at 1:25 PM
New Jersey’s private-sector employment grew by nearly 10,000 jobs in July, following a revised gain of nearly 15,000 jobs in June, the state Department of Labor and Workforce Development reported recently.
The report, based on data from the U.S. Bureau of Labor Statistics, found that total nonfarm wage and salary employment rose by 9,800 positions in July, while the June number was revised to 14,900 jobs gained, up from 10,600 estimated earlier.
“The economy and the recovery seem to have gained a bit of momentum after years of frustratingly slow growth,” Mark Vitner, senior economist at Wells Fargo, told NJBIZ. “It does seem that things have picked up, and we’ve had two months of strong job gains.”
Of those July jobs, 7,300 were added in the private sector, with the rest added in public positions. The state said private-sector employment is at a historic high.
https://www.njbiz.com/article/20170818/NJBIZ01/170819818/nj-continues-summer-growth-in-employment