The index combines four economic indicators (nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index) to summarize current economic conditions into a single statistic.
This chart illustrates the momentum of employment in core industries or metropolitan statistical areas (MSA) at the state level over the last six months. The bubble size represents the size of the industry or MSA via its employment level (three-month average). The y (vertical) axis shows the industry's or MSA's short-term growth in employment (annualized three-month average over the previous three-month average), and the x (horizontal) axis represents the industry's or MSA's long-term (year-over-year) employment growth. Select "Animate Chart" to observe the momentum of the industry or MSA for a given state over the last six months.
A bubble in the upper-right quadrant signifies positive employment momentum (both the shorter- and longer-term measures are expanding), whereas the lower-left quadrant indicates negative momentum (both the shorter- and longer-term measures are contracting). The upper-left quadrant indicates that momentum is building in that short-term employment growth is positive, but the year-over-year measure is still negative. The lower-right quadrant signifies slipping momentum as short-term employment growth has turned negative, but the longer-term measure remains positive.
This chart shows total number of persons employed full- or part-time on establishment payrolls (Current Employment Statistics).
This chart shows the monthly net change in the total number of persons employed full- or part-time on establishment payrolls (Current Employment Statistics).
This chart notes the number of persons unemployed as a percent of the labor force.
This chart depicts new filings for unemployment insurance benefits.
