Change in Nonfarm Payrolls

Nonfarm payrolls give an overview of the overall employment outlook of the US economy; nonfarm payrolls do not include those employed in agriculture because of the seasonal nature of their work. This report obtains these numbers from 142,000 businesses and government agencies to track the new jobs added in non-farming sectors of the economy. In October, the unemployment rate is …

What’s for Dinner?

For the first time since the data has been recorded, sales at restaurants and bars in the United States have eclipsed those of grocery stores. The recent jump in discretionary spending in this space has pushed wages in the restaurant and bar service industry higher recently as the labor market has tightened and demand has increased. We hear a lot …