{"id":260402,"date":"2024-09-20T20:25:00","date_gmt":"2024-09-20T20:25:00","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/20\/state-employment-report-for-august\/"},"modified":"2025-06-25T17:11:12","modified_gmt":"2025-06-25T17:11:12","slug":"state-employment-report-for-august","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/20\/state-employment-report-for-august\/","title":{"rendered":"State Employment Report for August"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-53819\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Unemployment rises in many states, but so does employment (NFP) growth (<a href=\"https:\/\/www.bls.gov\/news.release\/laus.nr0.htm\">report<\/a>).<\/p>\n<p>Here\u2019s the diffusion index (mean at 25) for 3 month unemployment rate change.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/diffusionindex_unratechangebystate.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-53823\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/diffusionindex_unratechangebystate.png\" alt=\"\" width=\"596\" height=\"457\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/diffusionindex_unratechangebystate.png 596w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/diffusionindex_unratechangebystate-300x230.png 300w\" sizes=\"(max-width: 596px) 100vw, 596px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/wellsfargo.bluematrix.com\/links2\/html\/928a894d-9cab-4921-a9c8-bfb33cf8d359\">WellsFargo, 20 Sept 2024<\/a>.<\/em><\/p>\n<p>The dashed line is Wells Fargo\u2019s assessment of the threshold for national recession based on this indicator.<\/p>\n<p>How\u2019s nonfarm payroll employment doing? Here\u2019s the m\/m change, by state.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-53824\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1.png\" alt=\"\" width=\"925\" height=\"609\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1.png 925w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1-300x198.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1-768x506.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/growth_payemsbystate-1-624x411.png 624w\" sizes=\"(max-width: 925px) 100vw, 925px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/wellsfargo.bluematrix.com\/links2\/html\/928a894d-9cab-4921-a9c8-bfb33cf8d359\">WellsFargo, 20 Sept 2024<\/a>.<\/em><\/p>\n<p>Month-on-Month figures are noisy, so here are year-on-year (with battleground states outlined in blue):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/yoynfpemplgrowthstatebystate.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-53825\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/yoynfpemplgrowthstatebystate.png\" alt=\"\" width=\"499\" height=\"401\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/yoynfpemplgrowthstatebystate.png 499w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/yoynfpemplgrowthstatebystate-300x241.png 300w\" sizes=\"(max-width: 499px) 100vw, 499px\"\/><\/a><\/p>\n<p><em>Source: <a href=\"https:\/\/www.bls.gov\/charts\/state-employment-and-unemployment\/change-in-nonfarm-employment-by-state-map.htm\">BLS, 20 Sept 2024<\/a>, as edited by author.<\/em><\/p>\n<p>For reference, y\/y national NFP growth was 1.5%. Hence, five of seven battleground states were above the national average, with Michigan lagging.<\/p>\n<p>\u00a0<\/p>\n<p><em>.<\/em><\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/state-employment-report-for-august\" title=\"11:47 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-09-20T11:47:51-07:00\">September 20, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/state-employment-report-for-august\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Unemployment rises in many states, but so does employment (NFP) growth (report). Here\u2019s the diffusion index (mean at 25) for 3 month unemployment rate<\/p>\n","protected":false},"author":1,"featured_media":260403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/260402"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=260402"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/260402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/260403"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=260402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=260402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=260402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}