Payrolls are up by 5.77 million since May of 2022, but full time employment up only 457 thousand. No amount of BLS smoothing can hide this.
From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became very noticeable.
Payrolls vs Employment Gains Since March 2023
Nonfarm Payrolls: 2,494,000
Employment Level: +328,000Full Time Employment: -1,154,000Payrolls vs Employment Gains Since May 2022
Nonfarm Payrolls: 5,772,000
Employment Level: +2,838,000
Full Time Employment:+457,000
https://mishtalk.com/economics/jobs-soar-but-full-time-employment-is-barely-changed-since-may-2022/
- Forums
- Economics
- Latest US employment
Latest US employment
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online