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Friday, September 4, 2020

More Labor Market Data

Click on charts to enlarge and clarify.
We noted in yesterday's posting on weekly new claims for unemployment insurance that there would be still more labor market data today. Today's information is at the national level; state-level data will not be available for a few more days. And it comes with all the caveats concerning the effects of the coronavirus crisis on data collection and the fact that it is backward looking to mid-August. Still, it shows overall improvement but still a bad situation in absolute terms. The level of employment compared to the same month last year is down by over 10 million. A total of 13.6 million are officially classified as unemployed.

The official news release is at https://www.bls.gov/news.release/pdf/empsit.pdf.

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