Convera’s Post

Today's January US employment report suggests the economy kicked off the year on a very strong note indeed. Payrolls surged by some 353,000, well above even the highest forecast in Bloomberg's survey of 77 economists. And while some observers thought that statistical revisions for earlier months would show the job market wasn't quite so strong last year as previously thought, in fact, those revisions showed the opposite for late-2023. These figures suggest that the latest Atlanta Fed US GDP tracker -- which showed a supersized 4.2% growth rate for the first quarter of this year -- may not be as outlandish as it looks. See more analysis here in Bloomberg's live blog of the January jobs release: https://lnkd.in/e4STF8gF

Government databases such as the Bureau of Labor Statistics and private sector sources like LinkedIn offer invaluable job market insights for academic studies. Learn how to access and utilize these datasets to analyze trends, understand employment patterns, and forecast labor market dynamics. Dive into our comprehensive guide and elevate your research to the next level! 🔗 Read more here: https://bit.ly/4ePxf3U #AcademicResearch #DataInsights #JobMarket #ResearchTips #DataAnalysis

Expecting the normal drumbeat of government data on employment, job openings, industrial production, etc. in October? As Lee Corso famously shouts, "NOT SO FAST!" If, as expected, a government shutdown occurs on October 1st due to a rebellion among 5-15 representatives, much of the most important government data goes kaput for an unknown amount of time. That means no BLS (JOLTS, jobs report) data on October 6th + 8th, likely no data collection for the October report built on a survey done the week of the 12th each month, and likely other disruptions in data from the Bureau of Economic Analysis, Treasury Dept. and the U.S. Census. All of this makes the jobs of economists, business leaders, research analysts, and others far more difficult and confusing (as if it wasn't already). #labormarket #governmentshutdown #economy #datafog #lihm

Discover insights in our newest Economist Corner Analysis! Explore our analysis of the labor market landscape, including key takeaways and expert predictions. This May, U.S. employment saw an increase of 272,000 jobs. Despite this strong growth, the unemployment rate inched up to 4.0%. What's the story behind these numbers? Our expert economist, Phillip Sprehe, breaks it down, from industry insights to economy predictions. Don't miss out on the opportunity to stay informed and gain insights into the latest trends shaping the job market. Read more here: https://bit.ly/4bPNTyk #GSIEconomistCorner #EconomicTrends #LaborMarket #UnemploymentRate #LaborMarketAnalysis

January's Bureau of Labor Statistics #employment report is here! 📈 Jobs rose by 353,000, with some of the most notable gains occurring in the professional and business services, retail trade, health care, and social assistance industries. Gain more market insight and read the full report here: https://hubs.li/Q02jQNfZ0 #BLS #EmploymentReport

The latest reports from the Bureau of Labor Statistics show that the economy is….fine. Not great, not bad, but somewhere along the middle. As a result, both employers and workers are in a "wait and see" mode. Hear our principal economist Liz Wilke, PhD's take on what that means for small businesses right now: https://lnkd.in/eeypeHF9

Is the US imbalance between labor demand and supply gradually easing? This analysis courtesy of Felix Richter at Statista would suggest it is. With 1.3 unfilled positions for every job seeker, the analysis suggests we may be back at pre-pandemic levels. #recruitment #economy #talentacquisition #useconomy

📊 In our January 2024 Market Trends report, we examine the latest labor market statistics. Check out some of the key metrics provided by the U.S. Bureau of Labor Statistics. https://bit.ly/47xxcob #LaborMarket #IndustryTrends

🌍 Curious about the current state of the labour markets? 🤔 Dive into the latest trends, insights, and analysis to understand how the workforce is evolving. Stay informed and ahead of the curve! 📊📈 https://lnkd.in/e7ccuBSP #MarketIntel #WorkforceTrends #Economy #Talent

Every month, the U.S. BLS (Bureau of Labor Statistics) issues a report on the number of jobs filled in the previous month and the number of jobs unfilled. Raw numbers like these are the playground for analysts and pundits alike, and everyone wants to play. Associations in every industry sift through the figures looking for [...] The post Numbers Game first appeared on Connected World. https://lnkd.in/grcwJPy3