Labor Market Monthly
Labor Market Monthly
Labor Market Monthly
Monthly snapshot of the US labor market, consolidating the five most widely tracked employment indicators into a single API call. Sourced from the Bureau of Labor Statistics (BLS) via FRED, this dataset covers payroll growth, unemployment rates, wage inflation, job openings, and total employment — providing a comprehensive read on labor market health for macro analysis, Fed policy modeling, and sector research. Date field reflects the first day of the reference month.
Fields: nonfarmPayrollChg · totalNonfarmEmployment · totalUnemploymentRate · U6UnemploymentRate · medianHourlyWageGrowth · totalNonfarmJobOpenings
Units: payroll change and job openings in thousands; unemployment and wage growth in percentage points; total employment in thousands.
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Use Cases
Fed policy and rate expectations modeling, macro backdrop context in equity research, consumer sector analysis (wages as spending power proxy), earnings preview context for labor-intensive industries, recession monitoring (payroll contraction signals), JOLTS-based labor demand tracking, broad vs. narrow unemployment comparison (U3 vs. U6), wage inflation pass-through analysis, and alert triggers on payroll or unemployment threshold breaches.
Highlights
The LABOR_MARKET_MONTHLY dataset packages five of the most market-moving monthly economic releases into a single structured call — nonfarm payrolls, unemployment rate (U3 and U6), median hourly wage growth, job openings, and total employment. Together these fields tell the full story of labor market health: whether jobs are being created or lost, whether slack is building, whether wage pressure is easing or intensifying, and whether demand for workers is softening. As inputs to Fed policy decisions and consumer spending forecasts, these indicators are essential context for any macro-aware investment or research workflow
Provider
Methods
https://api.blueskyapi.com/v1/data/CORE/LABOR_MARKET_MONTHLYhttps://api.blueskyapi.com/v1/data/CORE/LABOR_MARKET_MONTHLY/:country
Time Series Query Parameters
You can use any time series query parameters with this dataset.
View the full documentation →
Response Attributes
| Key | Type | Description |
|---|---|---|
| U6UnemploymentRate | number, null | |
country* key | string | |
date* index | string | |
| medianHourlyWageGrowth | number, null | |
| nonfarmPayrollChg | number, null | |
| totalNonfarmEmployment | number, null | |
| totalNonfarmJobOpenings | number, null | |
| totalUnemploymentRate | number, null |
* required
| Field | Type | Unit | Description |
|---|---|---|---|
| date | string | YYYY-MM-DD | Week ending date (Saturdays) |
| country | string | — | Country code (e.g. US) |
| unemploymentInitialClaims | integer | Count | Number of initial unemployment insurance filings that week (e.g. 215000 = 215,000) |
| id | string | — | Dataset identifier (LABOR_MARKET_WEEKLY) |
| key | string | — | Partition key (US) |
| subkey | string | — | Sub-partition key (empty) |
| updated | float | Unix ms | Timestamp of last data refresh |
Disclaimer
Monthly labor market data is sourced from the US Bureau of Labor Statistics (BLS) via the Federal Reserve Bank of St. Louis (FRED). This data is provided for informational purposes only and is subject to the terms of use of the respective data providers. Blue-Sky Data Platform LLC makes no representations as to the accuracy, completeness, or timeliness of the data and accepts no liability for decisions made in reliance upon it. Users are responsible for ensuring their use of this data complies with applicable provider terms and licensing requirements.
Attribution
All fields sourced from the US Bureau of Labor Statistics (BLS) via the Federal Reserve Bank of St. Louis (FRED).