Is Construction Investment Holding Back Job Creation?

Employment level statistics for the month of June 2015 looked a bit worrisome for some economists. At a glance, Construction was one of the missing sector in the list of industries significantly contributing to job creation. Indeed, Construction was the last sector in joining job creation after the Great Recession. Though ADP, the payroll company, … Continue reading Is Construction Investment Holding Back Job Creation?

Employment statistics cannot be interpreted in a vacuum.

Employment statistics cannot be interpreted in a vacuum inasmuch as other economic indicators do determine employment growth. There are many nuances that require attention to detail. Indeed, details on June’s 2015 report on labor market are twofold. First, mining related industries –including utilities- started to adjust to low oil prices, as well as low demand … Continue reading Employment statistics cannot be interpreted in a vacuum.

“Discouraged Workers” are coming back into the labor market.

Data on employment levels for April and May 2015 look favorable. Both months have shown increments above 200,000 jobs. However, the unemployment rate stubbornly hovers around 5.4%. In spite of U.S.’ GDP negative growth in 2015Q1, the U.S. job market seems to be growing at desirable pace. Although there is no clear answer for the … Continue reading “Discouraged Workers” are coming back into the labor market.

Professional Businesses and Transportation pulled up job creation in U.S. for January 2015: ADP.

Professional Businesses and Trade, Utilities and Transportation pulled up job creation in United States for January 2015. Employment level started 2015 with an increase of roughly 213,000 jobs compared to December 2014, ADP reported today January 4th 2015. January employment level growth usually shows a slower pace due to weather conditions. So far, winter in … Continue reading Professional Businesses and Transportation pulled up job creation in U.S. for January 2015: ADP.

241,000 jobs added to US Economy in December 2014: ADP.

Apparently, the US economy follows its way into a strong recovery. Employment level closed 2014 with an increase of roughly 241,000 jobs compared to November 2014. New employees went to work mostly for small businesses, which added 106,000 jobs to the economy. Medium businesses added roughly 70,000 whereas large businesses only 60,000. There have not … Continue reading 241,000 jobs added to US Economy in December 2014: ADP.