All Posts Tagged: jobs

Still in Freefall and Looking For a Way Out

Scott Anderson
Chief Economist

We are still in the freefall stage of the economic shock brought on by the COVID-19 pandemic and will likely remain in this stage at least through the second quarter.

Against this backdrop U.S. equity markets have been downright ebullient over the last month, looking forward to business reopenings and celebrating the flattening of the curve of new virus cases.

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Only the Tip of the Iceberg

Scott Anderson
Chief Economist

The March employment report was shockingly bad. Seven hundred and one thousand jobs lost last month – more than 7 times higher than economists’ consensus forecast.

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A Positive Surprise From November Payrolls

Scott Anderson
Chief Economist

Nonfarm payroll growth accelerated to 266k jobs last month easily surpassing the consensus forecast looking for a 180k job gain.

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U.S. Outlook: October Payrolls – Data Revisions Steal the Show

Scott Anderson
Chief Economist

The U.S. labor market is slowing, just not as quickly as we all thought before the release of the October payrolls report. Despite the substantial headwinds of the GM strike and escalation of the trade war in September, U.S. nonfarm employment managed to increase a better than expected 128k jobs last month.

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