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End-of-2018 Employment Report January 4, 2019

Posted by geoff in Economics, News.
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The BLS issued the Employment Situation Report today, together with updates on the seasonal adjustments that went back into last year – I’ve modified the chart to reflect the most recent estimates.

Slight downtick in the IB metric, but not too bad, especially considering the uncertainties in seasonal adjustments and the unhelpful policies of the Fed.

fulltimeempvscivpopjan2019report

As opposed to 2016, when the needle didn’t move, 2017 and 2018 have shown improvement, with about 0.5 percentage points per year.

Slow, but at least it’s been positive.

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