All Posts Tagged: labor market

Large Drop in Unemployment Bolsters Confidence

Scott Anderson
Chief Economist

Another large drop in the U.S. unemployment rate in August was the biggest surprise coming out of today’s employment report. The big decline in the unemployment rate, another sizable 1.37 million net job gain last month, and better than expected average hourly earnings growth, bolsters confidence in the sustainability of this expansion despite growing signs […]

Read More ›

Fed Green Lights Higher Inflation and Rates Follow

Scott Anderson
Chief Economist

After nearly two years of study, the Federal Reserve finally updated its framework statement on its long-run goals and monetary policy strategy first adopted in 2012.

Read More ›

Evidence of a July U.S. Slowdown Emerging

Scott Anderson
Chief Economist

Last week we wrote about dark clouds building on the economic horizon as COVID-19 cases have surged in recent weeks. This week more evidence emerged that the spike in virus cases is indeed sucking the oxygen out of the robust economic recovery we have seen over the past two and a half months.

Read More ›

Reopening Brings Back Millions of Jobs

Scott Anderson
Chief Economist

The June employment report came in on the hot side, beating most economists’ forecasts. The U.S. economy added another 4.8 million jobs in June on top of an upwardly revised 2.699 million jobs created in May. The better than expected job gains were likely driven by the reopening of big states like California that didn’t really begin opening up until late May and early June. 

Read More ›