The Labor Department reported that there were 261,000 jobs created in the U.S. economy in October. This was below the consensus expectation of 310,000 jobs. The smaller than expected October increase may have reflected upward revisions to the September employment estimates which showed that the effects of the hurricanes were less than initially reported. Indeed, the preliminary loss of 33,000…
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The effects of Hurricanes Harvey and Irma were seen in the September employment report issued by the Labor Department last Friday. The report showed that there was a loss of 33,000 jobs in September, significantly worse that then consensus forecast of a gain of 90,000. Hardest hit was the restaurant sector which had a loss of 105,000 jobs. The sector…
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Analysts, operators and capital providers often pay close attention to the employment data release issued by the Labor Department on the first Friday of the month. This report provides near-real time information about the state of the economy and the U.S. labor market. And with labor representing up to 60% of a typical operator’s expense load, indicators regarding labor availability…
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The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 209,000 positions in July, above the consensus 180,000 estimate. This followed gains of 231,000 in June, originally reported as 222,000, and 145,000 in May, originally reported as 152,000. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of…
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The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 222,000 positions in June, the largest increase since February, and above the consensus 175,000 estimate. This followed gains of 207,000 in April, originally reported as 174,000, and 152,000 in May, originally reported as 138,000. Monthly revisions result from additional reports received from businesses since the last published…
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