Blogging on Employment and Job Markets in US Metro Areas

Posts Categorized: Employment

March 2018 Nonfarm Payroll Update

As of March nonfarm payroll employment was 147.3 million, an increase of 2.25 million from a year earlier. In percentage terms, this is an increase of 1.6% from a year earlier. March marks the 91st consecutive month of year-on-year employment growth (for comparison, the 1990s expansion saw year-on-year employment growth for 111 consecutive months, and… Read more »

December 2017 Nonfarm Payroll Update

With the BLS release of December nonfarm payroll (NFP) numbers we can compare 2017 job growth to that of 2016. First, let’s take a look at year-on-year (YoY) changes since 1990: The economy continues to add jobs, with employment growth of 2.19 million in 2017 compared to 2.10 million in 2016. In percentage terms, though,… Read more »

June 2017 Nonfarm Payroll Update

With the release of June nonfarm payroll (NFP) numbers, it is time of an update of our chart of year-on-year employment growth: June’s NFP employment was up 2.2 million from a year earlier, an increase of 1.5%. This marks the 88th month of consecutive year-on-year growth (for comparison, the 1990s expansion saw 111 months of… Read more »

May 2017 Nonfarm Payroll Update

As of May nonfarm payroll employment was 146.7 million (this is the preliminary figure from the BLS, and most likely will be adjusted in the coming months), an increase of 2.2 million from a year earlier. In percentage terms, this is an increase of 1.5% from a year earlier. May marks the 81st consecutive month… Read more »

Metro Area April 2017 Nonfarm Payroll Update

Of the nation’s 51 largest metro areas (those with populations of a million or more as of the 2010 census), this table shows the large metro areas with the top 10 year-on-year growth rates in nonfarm payroll employment as of April: For comparison, the national year-on-year growth rate of nonfarm payroll employment was 1.45% as… Read more »

Metro Area Unemployment and Labor Force Changes

As a follow up to my recent post on March unemployment rates for large metro areas, this post will focus the change in labor force and unemployment rates. The labor force and unemployment figures shown are taken form this BLS news release. As in the previous post, this post will focus on the 51 largest… Read more »

Where New Grads Can Find a Roof and a Paycheck

Jed Kolko (Chief Economist at Indeed) and Ralph McLaughlin (Chief Economist at Trulia) look at job opportunities for new graduates and housing affordability: The bad news is that the local markets with the most opportunities for young grads are among the least affordable. The good news is that some lower-cost markets also offer numerous opportunities… Read more »

The Death of Retail Has Been Greatly Exaggerated

The news is full of doom and gloom for retailers, driven by some high profile bankruptcies and store closings by national chains such as Sports Authority, Sears, Payless Shoes, J.C. Penny, Macy’s and others. Explanations for the difficulties faced by brick and mortar retail focus on the rise of online shopping (most notably Amazon) and… Read more »

West Coast Metro Areas – Employment Growth and Housing

Up and down the West Coast, recent conversations about housing usually include the word “crisis”, as a few Google searches will attest. During the current expansion, the supply of new housing has not kept pace with employment growth, which drives demand for housing. In a recent post, I compared nonfarm payroll (NFP) employment growth to… Read more »

2011 – 2016 Metro Area Employment Growth and Housing Permits

This is a follow-up to my earlier post on 2016 Metro Area Employment Growth and Housing Permits. Reader “MetroGuy” suggested that I look at the H/E ratio (ratio of housing units per increase in employment) over a longer period. So this post evaluates the H/E ratio over the current expansion, from 2011 to 2016. Some… Read more »