Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Stati Uniti

US. Dec21. Nonfarm Payroll precipita a 199,000. Attesi 400,000. Una débâcle.

Giuseppe Sandro Mela.

2022-01-10.

2022-01-08__ Us NonFarm Payrolls 001

«Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent»

«The unemployment rate declined by 0.3 percentage point to 3.9 percent in December, and the number of unemployed persons decreased by 483,000 to 6.3 million»

«unemployed persons numbered 5.7 million»

«Among the major worker groups, the unemployment rates for adult men (3.6 percent), adult women (3.6 percent), and Whites (3.2 percent) declined in December. The jobless rates for teenagers (10.9 percent), Blacks (7.1 percent), Asians (3.8 percent), and Hispanics (4.9 percent) showed little or no change over the month»

«The number of persons on temporary layoff was little changed at 812,000 in December»

«The number of long-term unemployed (those jobless for 27 weeks or more) declined by 185,000 to 2.0 million in December. …. but is 887,000 higher than in February 2020»

«The long-term unemployed accounted for 31.7 percent of the total unemployed in December»

«The number of persons employed part time for economic reasons, at 3.9 million in December»

«The number of persons not in the labor force who currently want a job was little changed at 5.7 million in December»

* * * * * * *

«The Labor Department’s report showed nonfarm payrolls increased by 199,000 jobs in December, although the unemployment rate dropped to 3.9% from 4.2% in November»

«Wall Street’s main indexes were set to slip at the open on Friday after data pointed to weaker-than-expected job growth, while a rise in wages fueled concerns about higher inflation»

«The topline is a disappointment»

«Hourly wages are not coming down much»

«The hawkish tone spurred a rally in U.S. Treasury yields while prompting investors to swap technology-heavy growth shares with more cyclical parts of the market such as energy, financials and industrials that tend to do better in a high interest-rate environment»

«Fed funds futures imply a 90% chance of a 25-basis point tightening at the March Fed meeting, and at least three rate hikes by the end of the year»

* * * * * * *

Questi macrodati sono l’ennesima débâcle economica collezionata dalla Harris-Biden Administration e dalla Fed, che proprio non riescono a generare qualche posto di lavoro. 199,000 posti nuovi per una nazione di 332 milioni di abitanti sono una quota infinitesimale.

Né tanto meno, la Harris-Biden Administration e la Fed sono al momento in grado di arginare l’inflazione crescente.

Stanno mandando l’America alla malora.

* * * * * * *


US Bureau of Labor Statistics. The Employment Situation — December 2021

Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

                         Household Survey Data.

The unemployment rate declined by 0.3 percentage point to 3.9 percent in December, and the number of unemployed persons decreased by 483,000 to 6.3 million. Over the year, these measures are down by 2.8 percentage points and 4.5 million, respectively. In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5 percent, and unemployed persons numbered 5.7 million. (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)

Among the major worker groups, the unemployment rates for adult men (3.6 percent), adult women (3.6 percent), and Whites (3.2 percent) declined in December. The jobless rates for teenagers (10.9 percent), Blacks (7.1 percent), Asians (3.8 percent), and Hispanics (4.9 percent) showed little or no change over the month. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of permanent job losers, at 1.7 million in December, declined by 202,000 over the month and is down by 1.8 million over the year. The number of persons on temporary layoff was little changed at 812,000 in December but is down by 2.3 million over the year. The number of permanent job losers in December is 408,000 higher than in February 2020, while the number on temporary layoff has essentially returned to its February 2020 level. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more) declined by 185,000 to 2.0 million in December. This measure is down from 4.0 million a year earlier but is 887,000 higher than in February 2020. The long-term unemployed accounted for 31.7 percent of the total unemployed in December. (See table A-12.)

The labor force participation rate was unchanged at 61.9 percent in December but remains 1.5 percentage points lower than in February 2020. The employment-population ratio increased by 0.2 percentage point to 59.5 percent in December but is 1.7 percentage points below its February 2020 level. Over the year, these measures have increased by 0.4 percentage point and 2.1 percentage points, respectively. (See table A-1.)

The number of persons employed part time for economic reasons, at 3.9 million in December, decreased by 337,000 over the month. The over-the-year decline of 2.2 million brings this measure to 461,000 below its February 2020 level. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)

The number of persons not in the labor force who currently want a job was little changed at 5.7 million in December. This measure decreased by 1.6 million over the year but is 717,000 higher than in February 2020. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force was essentially unchanged at 1.6 million in December. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was also essentially unchanged over the month, at 463,000. (See Summary table A.)

* * * * * * *

Employment Situation Summary Table A. Household data, seasonally adjusted

Employment Situation Summary Table B. Establishment data, seasonally adjusted

Employment Situation Frequently Asked Questions

Employment Situation Technical Note

Table A-1. Employment status of the civilian population by sex and age

Table A-2. Employment status of the civilian population by race, sex, and age

Table A-3. Employment status of the Hispanic or Latino population by sex and age

Table A-4. Employment status of the civilian population 25 years and over by educational attainment

Table A-5. Employment status of the civilian population 18 years and over by veteran status, period of service, and sex, not seasonally adjusted

Table A-6. Employment status of the civilian population by sex, age, and disability status, not seasonally adjusted

Table A-7. Employment status of the civilian population by nativity and sex, not seasonally adjusted

Table A-8. Employed persons by class of worker and part-time status

Table A-9. Selected employment indicators

Table A-10. Selected unemployment indicators, seasonally adjusted

Table A-11. Unemployed persons by reason for unemployment

Table A-12. Unemployed persons by duration of unemployment

Table A-13. Employed and unemployed persons by occupation, not seasonally adjusted

Table A-14. Unemployed persons by industry and class of worker, not seasonally adjusted

Table A-15. Alternative measures of labor underutilization

Table A-16. Persons not in the labor force and multiple jobholders by sex, not seasonally adjusted

Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail

Table B-2. Average weekly hours and overtime of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

Table B-4. Indexes of aggregate weekly hours and payrolls for all employees on private nonfarm payrolls by industry sector, seasonally adjusted

Table B-5. Employment of women on nonfarm payrolls by industry sector, seasonally adjusted

Table B-6. Employment of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)

Table B-7. Average weekly hours and overtime of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)

Table B-8. Average hourly and weekly earnings of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)

Table B-9. Indexes of aggregate weekly hours and payrolls for production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)

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Wall Street eyes lower open after soft jobs data

Jan 7 (Reuters) – Wall Street’s main indexes were set to slip at the open on Friday after data pointed to weaker-than-expected job growth, while a rise in wages fueled concerns about higher inflation.

The Labor Department’s report showed nonfarm payrolls increased by 199,000 jobs in December, although the unemployment rate dropped to 3.9% from 4.2% in November, underscoring tightening labor market conditions.

Economists surveyed by Reuters expected nonfarm payrolls to increase by 400,000 jobs in December. The average hourly earnings rose by 0.6% against expectations of 0.4%.

“The topline is a disappointment but the growth of the labor market remains firm,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

“Hourly wages are not coming down much, which suggests the Fed is not likely to be derailed by this headline number.”

The data comes after the minutes from the Federal Reserve’s December meeting signaled the central bank may have to raise interest rates sooner than expected amid a “very tight” job market and unabated inflation.

The hawkish tone spurred a rally in U.S. Treasury yields while prompting investors to swap technology-heavy growth shares with more cyclical parts of the market such as energy, financials and industrials that tend to do better in a high interest-rate environment.

Fed funds futures imply a 90% chance of a 25-basis point tightening at the March Fed meeting, and at least three rate hikes by the end of the year.

Shares of Occidental Petroleum and Citigroup rose 1.0% and 0.6%, respectively, in premarket trading, leading gains among major oil and banking companies.

The S&P 500 energy sector, which has gained 9% so far this week, was set for its best weekly rise in ten months. The broader value index added 0.8% this week, outperforming its growth counterpart, which is eyeing its worst week since late February 2021.

At 8:58 a.m. ET, Dow e-minis were down 62 points, or 0.17%, S&P 500 e-minis were down 11.25 points, or 0.24%, and Nasdaq 100 e-minis were down 88.5 points, or 0.56%.

All the three major Wall Street indexes are set for a weekly fall.

Mega-cap tech titans Apple Inc, Microsoft Corp, Amazon.com Inc and Tesla Inc were mixed, after steep losses suffered this week.

“Meme stock” GameStop Corp  jumped 18.7% after the video game retailer said it is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships.

Starbucks Corp fell 2.4% after RBC downgraded the specialty coffee retailer’s stock to “sector perform” from “outperform” on valuation and margin outlook.

Discovery Inc added 5.3% after Bank of America upgraded the media company’s stock to “buy” from “neutral”.

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