BLS monthly jobs report

Sixteen percent of Detroit residents in the labor force were unemployed as of March 2023, according to the latest survey from the University of Michigan's Detroit Metro Area Communities Study.  The latest unemployment estimate essentially holds...

In April, U.S. total nonfarm employment rose by 253,000 jobs, which exceeded expectations as the economy continued to expand.. However, revisions to data from the past two months subtracted 149,000 jobs, which is indicative of a labor market that is...

Last week, the Bureau of Labor Statistics released their monthly jobs report. Betsey Stevenson lent her expertise to numerous media outlets to break down what she saw. "This report is just about as good as it can be. It's slowing slightly, and...

In March, employers added 236,000 jobs as the economy continued to expand. Job growth is slowing, with most job growth in the past month occurring in the sectors that have been the slowest to recover from the pandemic. The unemployment rate ticked...

Betsey Stevenson, CNBC: "What we've been seeing is a massive reallocation of workers. First, we expanded how much stuff we were buying, so the goods sector just did remarkably well early on in the pandemic. And it was the service sector that got...

The U.S. labor market grew by 311,000 jobs in February. Unemployment ticked up to 3.6%, while the number of employed expanded and the labor force participation rate also ticked up. Since October 2022, labor force participation has expanded slowly...

Betsey Stevenson, Bloomberg: "I think it's really hard to interpret the impact of the interest rate increases on the labor market. And the reason is that we would have to know the counterfactual—what would have happened in the labor market if we...

Betsey Stevenson, NPR Marketplace: "This is one of those things where we all have rules of thumb, because they’re just easier to remember. So the first Friday of the month is way easier to remember than the actual...

Employers added 517,000 jobs in January 2023, capping a year marked by record-low unemployment and high job growth. The unemployment rate fell to 3.4%, a low last seen in 1969, according to new data released today by the Bureau of Labor...

Betsey Stevenson, Bloomberg: "The truth is, this is a great number, 517,000 jobs, but there's a lot of room for error in this report. And if I was a betting woman, I would tell you that we'll probably see this corrected down a little bit. So I think...

Betsey Stevenson, New York Times: "Basically, the hesitation and confusion that I think made it harder for employers and workers to find each other in the early parts of the recovery has started to abate. People are applying for jobs, and employers...

Employers added 223,000 jobs in December 2022, capping a year marked by record low unemployment and high job growth. The unemployment rate fell to 3.5% with a slight increase in the labor force participation rate and employment rate, according...

Betsey Stevenson, Bloomberg: "It's a very strong jobs report. What we saw was ongoing job growth. 2021 was the strongest year of job growth we've ever had, and 2022 came in there as the second. We did see some slowdown as the year continued but even...

In addition to providing BLS Monthly Jobs Report Rapid Insights, Betsey Stevenson, professor of economics and public policy, has lent her expertise to numerous media outlets to break down the latest jobs report. Here's what she had to say about the...

Betsey Stevenson, DBusiness: "The job growth in September came largely from industries that drove pre-pandemic job growth, but have struggled in the wake of the...

Analysis by Betsey Stevenson and Benny Docter The Bureau of Labor Statistics announced Oct. 7 that an additional 263,000 jobs were added to the economy in September. The labor market has fully recovered the total number of jobs lost during the...