All Posts Tagged: jobs
Hurricane Florence muddied the waters of the September payroll report.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Oct. 5.Key observations:
- The U.S. economy has added over 200K jobs per month over first three quarters of 2018.
- The last time the U.S. economy managed that feat was way back in 2105, when the unemployment rate was much higher than it is today (over 5%).
- The year-on-year wage growth rate failed to accelerate, slipping back to 2.8% from 2.9% in August.
- The report increases the odds the Fed will raise the fed funds rate two more times next year.
It is widely known that the U.S. economy is creating new jobs at a rapid pace. Since the expansion started, the economy has added nearly 20 million jobs.Read More ›
The August employment report looks pretty sweet on the surface.Read More ›
Despite the miss on the headline job growth last month, it is impossible to describe the labor market as soft.Read More ›