Monday, May 9, 2011

Employment & Profits

The bottom line is that employers are hiring at a faster pace because their bottom lines continue to rebound. Profitable companies always expand by hiring more workers and by increasing their capacity. During the first four months of this year, payroll employment is up 768,000. Excluding government payrolls, it is up 854,000.

During economic expansions, revisions to payroll employment data tend to be to the upside. Over the past nine months, these revisions have added 346,000 to the first-reported estimates. (We update this chart for subscribers to our service in our Employment briefing book.)

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