Monday, May 9, 2016

Monthly Changes In Total Nonfarm Payrolls - May 9, 2016 Update

For reference purposes, below are five charts that display growth in payroll employment.
The first chart shows the monthly change in total nonfarm payrolls since the year 2000:

(click on charts to enlarge images)
change in total nonfarm payrolls since the year 2000
Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis: All Employees: Total nonfarm [PAYEMS] ; U.S. Department of Labor: Bureau of Labor Statistics; accessed May 9, 2016;
The second chart shows a long-term chart of the same month-over-month change in total nonfarm payrolls (reports of February 1939 to the present report of April 2016):
monthly change in total nonfarm payrolls since 1939
The third chart shows the aggregate number of total nonfarm payrolls, from January 1939 – April 2016 (April 2016 value of 143.915 million):
total nonfarm payrolls since 1939
The fourth chart shows this same aggregate number of total nonfarm payrolls measure as seen above but presented on a LOG scale:
total nonfarm payrolls from 1939-01 through April 2016
Lastly, the fifth chart shows the total nonfarm payrolls number on a "percent change from year ago" basis from January 1940 – April 2016:
total nonfarm payrolls percent change from year ago
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I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2062.12 as this post is written

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