« UK inflation: calm before the storm? | Main | M1 weakness signalling more pain in Euroland periphery »

Slow US jobs recovery continues

Posted on Friday, October 8, 2010 at 03:21PM by Registered CommenterSimon Ward | CommentsPost a Comment

The household survey measure of US non-farm jobs, adjusted to exclude temporary census employment, rose by 132,000 in September to a 14-month high – see first chart. This may be a better guide to employment trends in the early stages of an expansion than the alternative payrolls survey measure, since it captures jobs created by start-ups. The household measure has gained 617,000 over the last six months versus a 433,000 increase in payrolls jobs.

Within the payrolls report, private-sector jobs rose by 64,000 in September. Further gains are likely, judging from a continuing recovery in job openings (vacancies), which lead employment – second chart.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>