All Posts Tagged: economy
The January payroll report was a solid report across most metrics.
The headline nonfarm payroll gain of 225k jobs last month handily beat analysts’ forecasts looking for a gain of 165k jobs in January. U.S. nonfarm payroll growth was 1.8% on an annualized basis last month.Read More ›
Consumer confidence has rebounded strongly since August.
Record stock market prices and continued job growth have helped revive consumers’ spirts in recent months. The University of Michigan’s consumer sentiment measure jumped to 99.8 in its final reading for January – a full 10 point gain off the August lows and not far from the expansion highs of 101.4 hit way back in March of 2018.
The takeaway from all the latest reports is that the U.S. economic outlook remains mixed with the balance of indicators continuing to point toward further slowing in the months ahead. But on the bright side, the U.S slowdown glide path we are on is gradual.Read More ›
U.S. nonfarm payrolls increased by only 145k jobs in December, a slight undershoot from the consensus forecast of 160k and our own forecast of 170k. This is a sharp deterioration from November’s 256k job gain.Read More ›