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From bls.gov:https://www.bls.gov/news.release/empsit.toc.htm , Read the summary, but for data all you need is in Tables A and B, use establishment survey B, seasonally adjusted data.
From bls.gov:https://www.bls.gov/news.release/empsit.toc.htm, Read the summary, but for data all you need is in Tables A and B, use "establishment survey" B, seasonally adjusted data. Check what the units are for your discussion below. Make sure you go there after 8:30am on Friday, otherwise you will get older data)
September 2021 employment report:
(number the answers please)
- What was the total number of non-farm jobs added (Table B), where were there significant gains/losses? Any distortions due to special factors, etc.
- What happened to the labor force, and the number of unemployed, and the number of workers employed? Show your own calculations of the unemployment rate up to 3 decimals for both Aug and Sep (i.e. x.xxx%, from Table A).
- What was the average hourly wage in Sep (Table B)? Calculate BOTH the m/m and y/y % changes (calculate both with 2 decimals). Assuming that CPI rose in September 0.4% (m/m) and 5.2% (y/y), what would be the respective changes in the real hourly wagefor Sep? (I need two numbers here. CPI #s are est., as Sep CPI is not available yet).
- Assume Sep CPI is 273.8, deflate the hourly wage above by this number (i.e. w = nom W/CPI*100). Graph the labor market using your calculated w and employment N (from Table A) for equilibrium.
- Where was the headline total gain job number compared to market expectations of 500K, any surprises? What was the change in private payrolls? Government payrolls?
- Locate a reliable article/opinion, after the release (reference it), the article should refer to the report's impact on the economic outlook, and/or to the report's impact on stock or bond prices. Copy/paste the relevant paragraph, what is the text;s point? Do you agree or disagree with it, and why? (If referring to stocks or bonds, indicate prices before and after the report, Dow or S&P for stocks, 10Y yields for bonds). (1 parag. copied + 1 parag. for your answer)
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