[ad_1]
10:16 am
Ben Casselman
What we’re not seeing is a huge increase in people coming from the sidelines to look for or find work. Both rose in October, but not the kind of flood many employers were hoping for.
9:37
Talmon Joseph Smith
Amid all that good news in the workday, the Black unemployment rate is stuck at 7.9 percent.
9:14
Ben Casselman
Want a sign that the economy is back to normal? The share of those working from home due to Covid fell to 11.6% in October, the lowest level of the pandemic. It continued its decline after stalling during the delta wave.
9:08
Talmon Joseph Smith
“For the last 25, maybe 30 years, labor is trailing behind and losing its share of the economic pie,” said Mark Zandi, chief economist at Moody’s Analytics. “But that dynamic is changing now.”
9:03 am
Ben Casselman
The big picture: We still have about 4.2 million jobs short of our pre-pandemic level.
8:53
Ben Casselman
Average earnings rose another 11 cents an hour in October. It’s up $1.44 from a year ago. Hourly earnings, especially in the entertainment and hospitality sectors, were up 18 cents in October, up $1.92 from last year.
8:53
Neil Irwin
Wow, big positive revisions for August and September. Combined for two months, +235 thousand jobs.
8:51
Jeanna Smialek
Prime age participation has accelerated, but only slightly. Why is this important? The Fed is uncertain about when and how much these numbers will recover. This is going to be a huge question as they try to understand what “full employment” means these days.
8:51
Jeanna Smialek
Good job numbers overall, but the labor force participation rate still isn’t making big moves. “It was unchanged at 61.6 percent in October and has remained in a narrow range of 61.4 percent to 61.7 percent since June 2020.”
[ad_2]
Source link