February Jobs Numbers Disappoint

February Jobs Numbers Disappoint

The lede:   Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade...
Big Year For Manufacturing Jobs

Big Year For Manufacturing Jobs

The Headline:   The U.S. economy added 284,000 manufacturing jobs in 2018, according to the employment report released today by the Bureau of Labor Statistics. That is the largest increase in manufacturing jobs in the United States in 21 years. The last time the...

More On Today’s Jobs Data

Biggest beat relative to expectations (312K vs 184K) since 6/5/09, and 6th biggest beat relative to expectations since 1999. Average Hourly Earnings 0.4%, Exp. 0.3% Payrolls to print above 150 million for the first time. Bloomberg economist Tim Mahedy: “This is...
Blow Out Jobs Numbers

Blow Out Jobs Numbers

The lede:  The U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing that second longest economic expansion in U.S. history still has plenty of staying power despite growing worries about a slowdown.And what...