Diggings

A blog by Toby Dayton

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Archive for the 'Employment & Jobs Data' Category

U.S. Jobs Picture Continues To Brighten; Look Beyond Headline Numbers For Improving Employment Situation; ‘Green Shoots’ This Year Look More Like Buckthorn

Tomorrow’s jobs report from the Bureau of Labor Statistics (BLS) will come in very close to the consensus estimates of roughly 200,000 jobs created in March. Based on data from LinkUp’s job search engine in February, a month in which new and total job openings on company websites throughout the U.S. fell by 11.5% and [...]

Top 50 Job Openings on LinkUp In February

Below is the list of the top 50 job openings on LinkUp’s job search engine in February. LinkUp is the only job search engine on the web that indexes only jobs found on corporate websites throughout the U.S. Updated daily, LinkUp’s job search engine contains 860,000 job openings indexed from 22,000 company websites. Because LinkUp does not include any [...]

Tomorrow’s Jobs Report Will Be Better Than Anticipated; Job Growth In March Will Falter

With a 57% jump in new job listings in January and a 23% jump in total job listings in LinkUp’s job search engine last month, we are forecasting that the U.S. economy added 260,000 jobs in February. While our forecast is above the consensus estimate of job growth of 210,000 in February, we remain confident [...]

Huge Job Listing Gains On LinkUp In January Point To Significant Job Growth In February

It’s hard to imagine that the muddled jobs picture could possibly get any murkier, but it is. Between ADP’s ‘Purge Effect,’ archaic seasonality adjustments (i.e., UPS and FedEx are still not fully accounted for in seasonal holiday hiring models), constant backwards revisions from the Department of Labor (a game ADP is now even playing), and [...]

Expect A Negative December Jobs Report On Friday, But January Jobs Report Should Be Better

Cheering for a positive jobs report from the Department of Labor these days is quite similar to cheering for the Minnesota Vikings of late; I’m always hopeful but there just isn’t much in the statistics to get too encouraged about. And unfortunately, the November jobs data published by LinkUp a month ago doesn’t bode well [...]

Tomorrow’s Jobs Report Will Disappoint Again According To LinkUp Job Search Engine

Like clockwork every month, the pundits on Bloomberg and CNBC state definitively that THIS month’s jobs report is certainly the most widely anticipated report in recent memory. Unfortunately, I cannot argue their claim. With each passing month that the U.S. economy spends stuck in the quagmire of the 2nd Great Contraction, with its horrifically high [...]

LinkUp Jobs Data Indicates That The October Jobs Report Will Be Far Worse Than Expected

I’m not typically one who looks for or pays attention to signs from the cosmos, but it was a truly bizarre coincidence that as I was assembling the output from our jobs forecasting model and started to get a sense of what the picture looked like, Cat Stevens’ Trouble began playing on KEXP’s stream. (Seriously [...]

Despite Mild Gains on LinkUp In September, Jobs Picture Remains Bleak

For the 2nd consecutive month, LinkUp is reporting that both new and total job listings indexed from company websites rose from the prior month. In September, new job listings increased from August by 19,095 (5%), while total job listings rose by 36,388 (4%). LinkUp is the largest, fastest growing job search engine that only indexes [...]

Despite Dismal August Jobs Report, Private Sector Demand For New Hires Is Growing

Last week’s horrendous jobs report, which indicated that the U.S. economy added no jobs in August, was particularly brutal for a number of reasons. First, it was a stark, kick-in-the-gut reminder that we are deep in the midst of what Kenneth Rogoff (Professor of Economics and Public Policy at Harvard) rightly calls the ’2nd Great [...]

LinkUp Issues Bullish 60-Day Jobs Report; August Will Surprise To The Upside & Job Growth Will Accelerate In September & October

With each month that unemployment in the U.S. remains stubbornly high, focus on the government’s ‘official’ monthly jobs report grows increasingly intense. Unfortunately, while the anticipation surrounding tomorrow’s report from the Bureau of Labor Statistics has reached new levels, so too has the uncertainty around what the report will say about job growth across the [...]