Blogging on Employment and Job Markets in US Metro Areas

Monthly Archives: January 2017

December 2016 Nonfarm Payroll Update

With the BLS release of December nonfarm payroll (NFP) numbers we can compare 2016 job growth to that of 2015. First, though let’s take a look at year-on-year (YoY) changes since 1990: While the economy continues to add jobs, the rate is slowing: 2.03 million in 2016 compared to 2.79 million in 2015. In percentage… Read more »

Mean vs Median

Mean or median, which should we pay more attention to? First, for some background, the difference between the mean and median: The mean is the average, the result of dividing the sum of two or more values by the number of values. So for three values, X, Y, and Z, the mean is (X+Y+Z)/3. The… Read more »